2 ALBERT STREET, Kawartha Lakes (Bexley)

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For Sale · Retail

2 ALBERT STREET, Kawartha Lakes (Bexley)

2 ALBERT STREET, Kawartha Lakes (Bexley), ON K0M1K0

$598,000 total

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Asset Class

Retail

Size

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Building class

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

89%

About this property

Flagship 3,000 Square Foot Retail Building In The Heart Of Downtown Coboconk!! Corner Lot Right Next To The Gull River, Water Views From Building Windows!! Property Offers Excellent Visibility With Strong Drive-By And Walk-By Traffic!! Building Features Institutional-Grade Construction, Block Walls, Floor To Ceiling Glass Windows, Metal Roof, Security And Automated Accessibility Features!! Lots Of Floor Space With Private Offices, Men & Woman's Bathrooms, Staff Kitchen, File And Storage Rooms, 2 Original Bank Vaults!! Large Parking Lot With 16 Parking Spaces, Corner Lot (+Grass Area) You Could Potentially Expand Retail Foot Print!! Permitted Uses: Retail, Restaurant, Medical Clinic, Dental, Convenience Store, Insurance, Real Estate Office, Law Office, And More!! Surrounded By Strong A+ Tenants, Including Home Hardware, Foodland, Tim Hortons, LCBO, Pioneer Gas, Subway!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$598K

Down payment30% · $179K

Interest rate6.25%

Amortization25 years

Occupancy89%

Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$-1K

Cash-on-cash

-0.58%

DSCR

0.97

Going-in cap

5.37%

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.

Area demographics

Trade area within 3 miles of the property.

Population

146,739

Households

56,968

Median income

$134,000

Median age

35.7

Daytime population

151,409

5-yr growth

1.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2 ALBERT STREET, Kawartha Lakes (Bexley).

NDA required

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.