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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$339,900
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
Investment Opportunity This well-established, proven retail location is a staple on Main Street in downtown Kenora Ontario! Long term lease in place. Triple net lease. Built in the 1900s this location has 1200 sq ft of main floor space, a full basement, and a private courtyard at the back of the property. There are 9ft ceilings throughout the main floor, a false wall at the back of the showroom that creates a small office, and a 2pc bathroom that could easily be removed to create a bigger area. The basement has 9ft ceilings in most places and contains the mechanical area. The basement would be great for storage, and prep. This is a great location for an office, retail business, or small restaurant/coffee shop. Highlights include: Main Street Exposure, High visibility in a high-traffic area, Street parking, Rubber Membrane low slope roof - 10 years old. Lot Size: 30’x75’ Zoning: General Commercial Possession: 90 Days or Negotiable Taxes: $6500/2022 Heat: Electric Forced Air $200-500/month Electrical: 200 Amp Rental Items: Alarm System $30/Month Keystone (id:39198)
Location
Province
Ontario
City
Kenora
Address
210 Main Street South
Postal Code
P9N1T2
Location Highlights
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Listed by
CENTURY 21 NORTHERN CHOICE REALTY LTD. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
1,200
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
$339,900
Asking Price
$339,900
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)
1,200
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
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Market Competition
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