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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$828,000
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
Investors Note: Location Location Location, The Location is the Hub of transportation connecting the Toronto and Greater Toronto as well as kitchener-waterloo and Guelph to the South West Georgian Bay, Excellent for the Savvy Enterpriser to capitalize on their investment with CAP rate @ 7.25%. Prime Highway Commercial Investment With 669 feet of highway frontage and high visibility, over 2,400 sq. ft. of versatile commercial space, this property is a rare find in a high-traffic location. Currently home to stablished business, the seller is willing to remain as a tenant and sign a 5-year lease ($3500/month Triple Net Lease), giving you immediate rental income and a seamless transition.Recent upgrades ensure peace of mind, including:New windows & doors (2022)Furnace (2022)Air conditioning (2023)Natural gas backup generator Garage receiving door Gas water heater (owned) Newer fixed roof (metal & asphalt shingles)The property also offers a walk-in fridge & freezer, drilled well (south side), septic (north side), and a shipping/receiving door for storage needs.Additional Income Potential:The store currently uses only half of the property. The north side (approx. 0.5 acre) can be leased separately for example, to food trucks during the summer Also excellent for Car/ Secondhand Car or recreational motorsports or RV Dealerships Display lot, there are two 30-AMP RV plugs with separate meters, Zoning & Location: C-61 zoning allows for a wide variety of commercial uses Thorough Environmental Site Assessment completed, Located in Chatsworth, just 10 minutes from Owen Sound and thriving community of Chatsworth. Georgian Bay is well known for the beautiful Beaches and water sport activities such as Boating, ( ice) Fishing and the popular destination for Cottagers, The Private and Public Ski Slopes are between 30 and 60 Minutes drive away. Enhancing year round sport and activities for your family and friends joyment. (id:39198)
Location
Province
Ontario
City
Chatsworth
Address
6 & 10
Postal Code
N0H1G0
Location Highlights
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Listed by
Sutton Group Incentive Realty Inc. 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
2,268
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
$828,000
Asking Price
$828,000
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)
2,268
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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