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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$950,000
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
Excellent opportunity to purchase fully built out retail/office unit, currently designed for Optometry use, however other retail, medical or professional uses welcome. For an Optometrist, they can also acquire exclusive use for the plaza! Ample free parking for clients and customers on-site. Strong tenant mix in the plaza which draws synergistic customer traffic including: Desjardins Insurance, Pharmasave, Markham Health Network (i.e. a large multi-disciplinary healthcare practice for physio, chiro, dentistry, etc)., Mount Joy Foot Clinic, Sol Escape Salon & Cosmetic Spa, as well as other great tenants! Viva Bus Transit shelter located directly in front of the plaza helping further fuel consumer traffic and an easy commute for your clients. Located directly at large intersection where thousands of cars pass daily and right next to Amica Homes. Take advantage of locating your business amidst a cluster of densely populated neighbourhoods. **** EXTRAS **** Uses Not Permitted: Pharmacy, Physiotherapy, Chiropractor, Dentistry, Spa/Salon, Massage Therapy, Insurance, & Chiropody. Property sold with vacant possession. Total of 5 sinks already within the unit. (id:39198)
Location
Province
Ontario
City
Markham
Address
#7 -5 Swan Lake Blvd
Postal Code
L6E0K7
Location Highlights
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Listed by
RE/MAX REAL ESTATE CENTRE 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
1,235
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
$950,000
Asking Price
$950,000
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)
1,235
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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