1.975 ACRE CORNER LOT WITH ANCHOR TENANT OF TIM HORTON AND BEER STORE; LONG ESTABLISHED TENANT AT THE PROPERTY;APPROVAL ON HAND FOR BUILDING GAS STATION AS WELL IF BUYER IS INTERESTED.DO NOT GO DIRECT OR TALK TO EMPLOYEES; 5.5% CAP RATE TO THE BUYER ON CURRENT INCOME AND FURTHER GROWTH IS POSSIBLE; Beer Store is extending their lease for two years and thereafter they will reduce their floor area and renegotiated rent at market rate and this is subject to approval of drive through from the city for their customers. Gas station convenience store will use the space released by beer store; all offers welcome.
MLS# | X8105468 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 329 |
Listing Provided By | REALCAP REALTY INC. | BackAtYou |
Zoning | COMMERCIAL RETAIL |
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State | ON |
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County | Stratford |
City | Stratford |
Zip Code | N5A 5T8 |
Area | Perth |
Community Name | 22 Stratford |
Listing VS Median (in 22 Stratford) | |
Price: $7,300,000 low | high Med: $0 On Site: 329 low | high Med: |