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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,400,000
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
This is a 2.2 acre parcel of land on Brookdale Ave & Seventh St West that has been severed into two parcels, one tenanted by Harvey's restaurant and one 1.1 acre site that is vacant save and except for an entrance off Seventh St. to Harvey's. Half of the Property is subject to a lease for a total 10 yr term with options to renew. The Lease is a carefree net to the Landlord lease; income and expense reports are available following accepted agreement and signed NDA. The location is one of the busiest intersections in Cornwall. Note there are two PINs for this property 6021170230 & 602170229 & 2 roll #'s 040206000301406 &040206000301400 and two legal descriptions. (id:39198)
Location
Province
Ontario
City
Cornwall
Address
700 Brookdale Avenue W
Postal Code
K6J5M2
Location Highlights
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Listed by
RE/MAX AFFILIATES MARQUIS LTD. 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
3,300
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
$2,400,000
Asking Price
$2,400,000
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)
3,300
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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