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Retail Property For Sale at #250 -7181 YONGE ST in Markham, Ontario

4 Sale ID #132365
Updated 02 May 2024

Asking Price

$699,000

Cap Rate help 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.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Food Court In ""Shops On Yonge"" Mall, Great Opportunity To Establish Your Own Business The Way You Want. You Can Set Up Any Kind Of Food Business! Largest Unit In Food Court. Over 300 Retail Shops, Supermarket, Hotel, 4 Residential Condos Of Over 1,200 Units. Mall Is Directly Connected To Residential Condo Towers. **Buyer to assume current tenant's lease until Aug 31, 2028** **** EXTRAS **** Underground Parking Spaces Available For Visitors. Seasons Supermarket (P1 Level), Royal Bank Of Canada (Rbc) And Shinhan Bank Are Also On Site. (id:39198)

  • MLS® : #N5874974
  • Date Listed : 18 Jan 2023

Location

Province

Ontario

City

Markham

Address

#250 -7181 Yonge St

Postal Code

L3T0C7

Location Highlights

N/A

Listed by

HOMELIFE FRONTIER REALTY INC. Ontario listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

860

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$699,000

Asking Price

$699,000

Cap Rate help 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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

860

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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