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For Sale · Retail

230 OAKLAND Road, Scotland

230 OAKLAND Road, Scotland, ON N0E1R0

$999,000 total

2,000 SF

Asset Class

Retail

Size

2,000 SF

Building class

Zoning

CNC — Neighbourhood Commercial

$ / SF

$500

Occupancy

99%

Lot Size

1.11 ac

About this property

Stand alone commercial retail plaza on over an acre of land, complete with a profitable cannabis store (included), convenience store/lcbo outlet (included), and food truck rental. Located right smack dab in the middle of both the entrance to Willow Lake RV resort and the Waterford Heritage Trail (walking and cycling), making this a prime location to expand your investment portfolio. Tons of potential to grow the business to greater heights with the huge parking lot, pylon signage and natural gas service. Many recent updates to the building and property make its future maintenance costs low. Terrific traffic count (5,000-7,000 vehicles daily) and an expanding local population give increased future demand for this type of property and located just 15 mins from Hwy 403 access. *Vendor financing may be possible. Viewings by private appointment only, please do not go direct and disturb the employees. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$999K

Down payment30% · $300K

Interest rate6.25%

Amortization25 years

Occupancy99%

Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$67K

Annual cash flow

$12K

Cash-on-cash

4.00%

DSCR

1.22

Going-in cap

6.74%

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.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Northbridge Logistics	170	769 SF	$18.48	2034-10
Northbridge Logistics	170	468 SF	$18.36	2034-10
Northbridge Logistics	170	742 SF	$18.24	2034-10

Area demographics

Trade area within 3 miles of the property.

Population

80,650

Households

34,614

Median income

$104,500

Median age

Daytime population

82,764

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 230 OAKLAND Road, Scotland.

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.