For Lease · Retail

1B - 21 ESSA ROAD, Barrie (Allandale Centre)

1B - 21 ESSA ROAD, Barrie (Allandale Centre), ON L4N3K4

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

92%

About this property

Flexible commercial leasing opportunity offering approximately 1,000 sq. ft. on the main floor plus exclusive access to approximately 800 sq. ft. of finished lower-level space included at no additional base rent. The proposed main-floor configuration can accommodate a reception or customer-facing area, while the lower level includes 2 washrooms and provides substantial additional space for ancillary storage, staff or business support use. The landlord will complete the required demising work and provide a separate exterior entrance, allowing the premises to operate independently from the adjoining space. The final division can be adjusted according to tenant requirements, with additional adjoining main-floor retail space available for businesses requiring up to approximately 3,000 sq. ft. Convenient on-site plaza parking is available for customers and staff. Directly across from the Allandale Transit Terminal and minutes from the Allandale Waterfront GO Station, downtown Barrie, the waterfront and Highway 400. An attractive option for retail, wellness, personal service, medical or other service-commercial businesses seeking a manageable main-floor footprint with substantial additional lower-level space, subject to zoning and applicable approvals. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

105,668

Households

37,876

Median income

$95,500

Median age

33.6

Daytime population

175,060

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 1B - 21 ESSA ROAD, Barrie (Allandale Centre).

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.