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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,375,000
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
This is a 9.653 acre fully serviced parcel of Highway Commercial land located immediately North of Highway 401 on the East side of Brookdale Ave. Brookdale Ave. is the main commercial entrance to Cornwall and to the international bridge going to the United States. Highway Commercial has many permitted uses including Hotel, Motel, Auto dealerships, Gas and service stations, restaurants and bars and numerous other Commercial uses. The sellers, through a related company, own an adjacent parcel of land immediately South of this property with 4.1 acres of land. Combined the property has some 13.7 acres of land ready for development. The southern parcel borders the Hwy 401 exit ramp. In total there would be over 2,000 feet of frontage along Brookdale Ave. and the Hwy 401 ramp. Note: The Seller will consider build to suit opportunities to well qualified prospects that result in either an improved sale or a long term Leaseback. (id:39198)
Location
Province
Ontario
City
Cornwall
Address
3111 Brookdale Avenue
Postal Code
K6J5Y2
Location Highlights
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Listed by
RE/MAX AFFILIATES MARQUIS LTD. 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
0
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
$3,375,000
Asking Price
$3,375,000
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
N/A
Market Competition
N/A
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