For Lease · Retail

2505 LONDON LINE, Sarnia

2505 LONDON LINE, Sarnia, ON N7T7H2

Price on request

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

99%

About this property

UNIQUE APPROX. 4,000 SQ FT 1 STOREY BRICK COMMERCIAL BUILDING ON 1.5 ACRES FOR LEASE! LOCATED ON PICTURESQUE LONDON LINE IN SARNIA WITH GREAT CURB APPEAL WITH A LITTLE TASTE OF COUNTRY. A RARE & BEAUTIFUL RURAL PROPERTY WITH RU-1 ZONING. IDEAL FOR: PLACES OF WORSHIP, SCHOOLS, COMMUNITY CENTRES, CATERING, TRAINING FACILITY, ETC. PROSPECTIVE TENANTS SHOULD CONFIRM THEIR INTENDED USE WITH THE CITY. FEATURES INCLUDE A FULLY EQUIPPED BANQUET/EVENT HALL, COMMERCIAL KITCHEN WITH STAGE & CURRENT LIQUOR LICENCE (SUBJECT TO APPROVALS), SPACIOUS PAVED PARKING LOT & TREE LINED OUTDOOR PATIO WITH BRAND NEW SEPTIC SYSTEM (2022), & 1-CAR GARAGE PERFECT FOR STORAGE. CONVENIENT LOCATION WITH QUICK ACCESS TO HWY #402. LEASE PRICE PER MONTH: $3,000 + HST + UTILITIES & ANNUAL PROPERTY TAXES & INSURANCE. TENANT IS RESPONSIBLE FOR THEIR OWN GRASS CUTTING & SNOW REMOVAL. THE POSSIBILITIES ARE ENDLESS AT A GREAT MONTHLY PRICE! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

132,557

Households

48,766

Median income

$114,500

Median age

34.4

Daytime population

119,791

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 2505 LONDON LINE, Sarnia.

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.