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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,950,000
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
Prime Corner Investment Opportunity In The Highly Sought-After Golden Plaza At Hwy 7 & Bayview! Three Combined Ground Floor Retail Units Totaling Approx. 3,252 Sq.Ft. With Three Exclusive Underground Parking Spaces. Fully Tenanted By A Established Restaurant, Offering Stable Rental Income And Excellent Return Potential. Premium Corner Exposure With Continuous Foot And Vehicle Traffic, Floor-To-Ceiling Windows, And Exceptional Signage Visibility. Well-Established Mixed-Use Plaza Anchored By Medical & Professional Offices, Restaurants, And Retail Shops. Ample Surface & Underground Parking. High Traffic Location Surrounded By Residential Communities And Commercial Developments, Steps To Public Transit And Minutes To Hwy 404 & 407. Zoned RC Permitting A Wide Range Of Uses Including Restaurant, Retail, Medical, And Professional Offices. Ideal For Investors Seeking A Turn-Key Income Property In A Prime Markham/Richmond Hill Corridor Or Future Owner-Users Looking For A High-Exposure Location In A Prestigious Plaza. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
Highway 7 E
Postal Code
L4B3P8
Location Highlights
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Listed by
BAY STREET GROUP 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
3,252
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
$2,950,000
Asking Price
$2,950,000
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)
3,252
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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