60 Dwyer Ave - Convenience Store FOR SALE


Timmins, ON P0N 1G0
$515,000 CAD
416-303-2119
60 Dwyer Ave, Timmins, ON for Sale
$515,000 CAD
Convenience Store - FOR SALE
1/2
null | 6% Cap Rate

60 Dwyer Ave
Timmins, ON P0N 1G0


OVERVIEW

This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity!

FOR SALE DETAILS

PRICE

$515,000 CAD

PRICE/SF

$153 CAD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mac's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

562703005006800

ASK ABOUT THIS PROPERTY

Sarnail SinghRoyal LePage Real Estate Services LtdMore Info
416-303-2119

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Sarnail SinghRoyal LePage Real Estate Services LtdMore Info
416-303-2119

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.