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Price on request
—
Asset Class
Retail
Size
—
Building class
C
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
99%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 2505 LONDON LINE, Sarnia.
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.