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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,590,000
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
a carefree triple A tenanted commercial retail investment property located in the main business district of Bracebridge, single tenanted by Rexall Pharma Plug Drug Mart with Doctors Clinic and Medical Lab, Lot size: 2.3 acres, building size: 17,384 Sq. Ft., Current Triple Net Income is $415,000.00, Current Lease Term ends Feb 18, 2027, Renewal Option: 2x5 years, Current zoning allows for 33% coverage based on seller information: potential upside for future redevelopment (id:39198)
Location
Province
Ontario
City
Bracebridge
Address
55 Muskoka Rd 118 Rd W
Postal Code
P1L1T2
Location Highlights
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Listed by
IPOE CORPORATION 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
17,384
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
$7,590,000
Asking Price
$7,590,000
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)
17,384
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
N/A
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