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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,850,000
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
Introducing an exceptional commercial opportunity on approximately 33,000 square feet of prime land, presenting a meticulously crafted single-story commercial/retail plaza spanning 10,580 square feet. Strategically located just 3 KM from the QEW, this property boasts a highly desirable setting with convenient access to major transportation routes. Featuring two distinct units, offering 4,089 square feet and 6,491 square feet respectively, this versatile space is ideally suited for a range of business ventures. Zoned RUC-2 (Rural Commercial), the property permits various uses including a Daycare Center, Large animal Veterinary Clinic, specialty Food store, Convenience store, and more, catering to diverse entrepreneurial pursuits. Currently a lease for daycare is signed. The seller is open to providing VTB (Vendor Take Back Mortgage), facilitating flexible financing options for potential buyers. Don't miss this rare opportunity to invest in a prime commercial property with endless potential for growth and success. (id:39198)
Location
Province
Ontario
City
Lincoln
Address
3365 Culp Rd N
Postal Code
L0R2E0
Location Highlights
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Listed by
EXP REALTY 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
$1,850,000
Asking Price
$1,850,000
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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