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Retail Property For Sale at #38 -3470 PLATINUM DR in Mississauga, Ontario

4 Sale ID #219358
Updated 05 May 2024

Asking Price

$370,000

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

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Building Size

N/A

Premise Summary

Business For Sale - Without Inventory - A Prime and High Traffic Location In this very desirable commercial plaza in Mississauga ( Eglinton Ave & 9th Line). All Chattels, fixtures, Inventory not included in the sale price of this men's apparel business. Reasonable monthly rent and good lease terms. TMI included in rent (approx $12.50/Sq.Ft). Great opportunity to get into this high-traffic location and operate this business at current low rents. All Offers must be conditional upon the new owner being approved by the landlord to assume the existing lease. All relevant information to be verified by Buyer/Buyer Representative. (id:39198)

  • MLS® : #W8176296
  • Date Listed : 26 Mar 2024

Location

Province

Ontario

City

Mississauga

Address

#38 -3470 Platinum Dr

Postal Code

L5M7N4

Location Highlights

N/A

Listed by

RIGHT AT HOME REALTY Ontario listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

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Available Space

N/A

Building Size

1,146

Year Built

N/A

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

$370,000

Asking Price

$370,000

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)

1,146

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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