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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,850,000
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
The site plan approved* for a retail plaza and a standalone drive-through building covering 16,000sqf. This versatile space suits businesses such as clinics, Pharmacies, Dentists, accountants, and lawyers. The approved site plan includes a two-story retail building with office space. Strategically positioned at the intersection of Morgan Avenue & Wharncliffe Road South, this location offers prime visibility and accessibility, with a daily traffic flow of 30,000 vehicles along Wharncliffe Road South. Situated near a high-growth area in south London, with a population of 108,000 within a 5 km radius expected to rise to 120,000 by 2028, the potential for growth and profitability is evident. This space is ideal for medical/dental offices and various office and retail uses. The drive-through component adds further value by inviting franchisees & Franchisers to be part of the location **** EXTRAS **** covering 16,000 sqft. Versatile space suitable for beauty salons, clinics, accountants, lawyers, and more.Plus ,it frautures a unique drive-through design. (id:39198)
Location
Province
Ontario
City
London
Address
3505 Morgan Ave
Postal Code
N6L0B7
Location Highlights
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Listed by
COLDWELL BANKER REALTY IN MOTION 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
$2,850,000
Asking Price
$2,850,000
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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