Business For Sale · Retail

B - 4271 SHEPPARD AVENUE E, Toronto (Agincourt South-Malvern West)

B - 4271 SHEPPARD AVENUE E, Toronto (Agincourt South-Malvern West), ON M1S1T6

$275,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

93%

About this property

A turnkey, fully built-out 65-seat licensed restaurant at Sheppard & Midland, on one of Scarborough's busiest commercial corridors. Recently and extensively renovated to a high standard, in mint condition, clean and operating: approximately 65 seats, LLBO licensed, and a commercial kitchen under roughly 30 feet of hood, capacity that supports almost any cuisine. The dining room is finished with warm contemporary Indian detailing, but the layout and infrastructure are cuisine-agnostic, so a new operator can rebrand and reconcept with minimal change to the build-out - the capital is already in the ground. Approximately 1.5 years remain on the current term plus a 5+5 -year renewal option, a long runway with no near-term uncertainty. The location does the marketing: the unit sits on Agincourt's principal retail spine with aBMO branch in the same plaza and a Scotiabank at the intersection, Agincourt GO Station on theStouffville line a short walk along the same street, and TTC's 85 Sheppard East, 985 SheppardEast Express and 904 Sheppard-Kennedy Express all serving this corridor with a stop atSheppard and Midland - surrounded by one of Toronto's densest and most diverse diningcatchments, the Agincourt secondary school cluster, and the approved Agincourt Mall masterplanned redevelopment bringing significant new residential density within minutes. Ample plaza parking. Lease documentation released to qualified buyers upon execution of a confidentiality agreement; please do not approach staff or attend without an appointment; showings through the listing agent only. (id:66811)

Financial sandbox

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Estimate
Purchase price$275K
Down payment30% · $83K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$18K

Annual cash flow

$3K

Cash-on-cash

3.63%

DSCR

1.20

Going-in cap

6.63%

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

97,394

Households

36,841

Median income

$82,000

Median age

43.3

Daytime population

137,422

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for B - 4271 SHEPPARD AVENUE E, Toronto (Agincourt South-Malvern West).

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.