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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Prime investment on one of Windsor’s most recognized streets—delivering a solid 6.1%+ cap rate. Directly across from the hospital and close to all amenities, this property offers maximum visibility and consistent demand. The upstairs level, currently leased as a doctor’s office at $2,200/month, features exposed wood beams, a modern oak kitchen, and solid oak trim and doors. The basement is vacant, providing flexibility for owner-use or additional rental income opportunities. Added value features include: front parking, two owned forced-air gas furnaces, two central air units, and a second gas meter for versatility. A true turnkey asset in a high-demand location. (id:39198)
Location
Province
Ontario
City
Windsor
Address
Ouellette
Postal Code
N9A4J8
Location Highlights
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Listed by
REMAX CAPITAL DIAMOND REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$599,900
Asking Price
$599,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
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Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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