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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,250,000
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
Prime Real Estate Brokerage is pleased to present the incredible opportunity to acquire a high-profile AAA commercial development site in picturesque Dunnville Ontario. This site is already 100% leased with long-term commitments from Shoppers Drug Mart, Taco Bell, and Burger King. The Property is 3.21 acres located in the primary commercial node occupying the northwest corner of the intersection of Broad Street East (Hwy 3) and Ramsey Drive and is surrounded by top national retailers including Tim Hortons, Home Hardware, Sobeys, and Canadian Tire. As the Buyer you will benefit from considerable development work already completed by the Seller essentially delivering a shovel-ready development project that any prudent investor/developer would be proud to have in their portfolio. This includes the full suite of reports required through the SPA process, including but not limited to hydrological, geotechnical, environmental, archeological, noise impact study, traffic impact study, and a complete engineered drawings package. Importantly, the Seller has already negotiated favorable leases with built-in rent escalations and 10-15-year initial terms with the three national tenants, offering long-term stability and predictable returns. The Seller has also negotiated a construction contract with the expectation to break ground in March-April 2024. Access to a comprehensive data room will be provided upon signing a confidentiality agreement. (id:39198)
Location
Province
Ontario
City
Dunnville
Address
937 Broad Street E
Postal Code
N1A1H5
Location Highlights
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Listed by
PRIME REAL ESTATE BROKERAGE 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
21,026
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
$3,250,000
Asking Price
$3,250,000
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)
21,026
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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Why this Marketplace was Created
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