










1/122412 QUEENSWAY DRIVE, Burlington (Freeman), ON L7R3T3
Price on request
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Asset Class
Retail
Size
—
Building class
C
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
94%
Exceptional 4,380 sq. ft. restaurant opportunity in a prime Burlington location, anchored by the Best Western Plus with 78 guest rooms and a reported occupancy rate of approximately 75%. The restaurant premises have also undergone substantial renovations, including new plumbing, electrical, flooring, washrooms and a commercial exhaust hood. Designed for a pub or restaurant, the space is now ready for a tenant's finishing touches and branding. Ideal for a sports pub, golf simulator and restaurant concept, diner, all day breakfast restaurant, steakhouse or other hospitality use. Excellent landlord seeking a strong, long term tenant, with preference given to a quality pub style restaurant. A rare opportunity to customize a substantially improved restaurant space while benefiting from built in hotel clientele and excellent exposure. The hotel has been extensively upgraded room by room, including improvements to its indoor heated saltwater pool and guest amenities. (id:66811)
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Monthly debt service
$7K
Projected NOI
$81K
Annual cash flow
$-2K
Cash-on-cash
-0.40%
DSCR
0.98
Going-in cap
5.42%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
67,374
Households
28,300
Median income
$93,500
Median age
45.3
Daytime population
102,775
5-yr growth
3.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 2412 QUEENSWAY DRIVE, Burlington (Freeman).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.