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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,999,000
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
Welcome to a prime commercial property nestled along one of Cornwall's main arteries, Brookdale Avenue. Built in 2011, this building stands as a beacon of opportunity in one of the city's busiest locales. Currently tenanted with leases extending until Oct. 2024, this property offers immediate income potential for savvy investors. Strategically situated to capitalize on high traffic volumes, this location boasts unrivaled visibility. The fully paved lot provides 13 dedicated parking space, offering convenience to customers. Whether you're seeking a lucrative investment opportunity or looking to establish your business in a high-demand area, this property ticks all the boxes. Don't miss out on the chance to secure your stake in Cornwall's thriving commercial landscape. Schedule a viewing today to explore the endless possibilities awaiting you at this remarkable property. (id:39198)
Location
Province
Ontario
City
Cornwall
Address
1317 Brookdale Avenue
Postal Code
K6J4P9
Location Highlights
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Listed by
DECOSTE REALTY INC. 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
2,420
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
$1,999,000
Asking Price
$1,999,000
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)
2,420
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
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