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Retail Property For Sale at 520-522 UPPER SHERMAN Avenue in Hamilton, Ontario

4 Sale ID #240364
Updated 20 Jun 2024

Asking Price

$2,899,000

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.

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Lot Size

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Building Size

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Premise Summary

Turn key opportunity For Investors & Landlords to Purchase income producing freestanding (Building) Retail Property zoned C2 located in Hamilton. Current Tenant is PT Healthcare Solutions, AAA tenant, physiotherapist Clinic situated in a prime area of Hamilton. The property is fully leased to a single tenant. Property has 10 parking Spots, 5 spots in front & 5 parking spots at the back of the building. Tenant pays all the expenses which includes utility, hydro, taxes & insurance etc. for the the period of 5 years ending in 2028 and Tenant has 3 additional renewal option and lease can be extended for another term of 5 years each after the expiry of lease term in 2028. Condition of the Building is AAA.Do not miss the opportunity. Once It's Gone Cannot Be Replicated. Property is close to Mountain Medical Centre, Juravinski Hospital, St Peter's Hospital, St Joseph Healthcare Hospital. (id:39198)

  • MLS® : #40591612
  • Date Listed : 19 May 2024

Location

Province

Ontario

City

Hamilton

Address

520-522 Upper Sherman Avenue

Postal Code

L8V3L8

Location Highlights

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Listed by

RE/MAX Real Estate Centre Inc, Brokerage Ontario listing

Category

retail-properties

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

4,600

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 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

$2,899,000

Asking Price

$2,899,000

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.

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Gross Revenue- annual

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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)

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

N/A

Premises Size (square feet)

4,600

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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