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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,699,000
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
10.32 Acres Of Vacant Land With Close To 650 Feet Of Frontage On Highway 12. Proposed Development of 4 self-storage buildings; two single-storey, 10,118 sqft buildings, one two-storey, 21,000 sqft building and one three-storey 15,000 sqft building. Beautiful And Scenic Setting. Highway Commercial Zoning Allows For Many Uses Including Animal Hospital, Car Wash, Gas Bar, Auto Garage, Campground, Childcare Centre, Commercial Entertainment Establishment, Commercial School, Dry Cleaning, Fitness Centre, Funeral Home, Garden & Nursery, Motel & Hotel, Medical Use, Microbrewery, Pharmacy, Professional Office, Retail Store, Theater & More! (id:39198)
Location
Province
Ontario
City
Midland
Address
189 Pillsbury Dr
Postal Code
L4R0A3
Location Highlights
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Listed by
ROYAL LEPAGE YOUR COMMUNITY 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
$1,699,000
Asking Price
$1,699,000
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)
0
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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