287-289 GEORGE STREET N, Peterborough (Town Ward 3)287-289 GEORGE STREET N, Peterborough (Town Ward 3) — photo 2287-289 GEORGE STREET N, Peterborough (Town Ward 3) — photo 3287-289 GEORGE STREET N, Peterborough (Town Ward 3) — photo 4287-289 GEORGE STREET N, Peterborough (Town Ward 3) — photo 5287-289 GEORGE STREET N, Peterborough (Town Ward 3) — photo 6287-289 GEORGE STREET N, Peterborough (Town Ward 3) — photo 7
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For Lease · Retail

287-289 GEORGE STREET N, Peterborough (Town Ward 3)

287-289 GEORGE STREET N, Peterborough (Town Ward 3), ON K9J3H3

$13 per sq ft / yr

1,979 SF

Asset Class

Retail

Size

1,979 SF

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

$0

Occupancy

84%

About this property

Restaurant or Retail in central downtown location and close to all downtown amenities. Approximately 1,979 square feet of space on the main level with a full basement. Ideal location for beautifully equipped and licensed restaurant in downtown Peterborough. A high traffic location with ample parking close by, large student population and plenty of foot traffic. This is a great location for eat in, take out, a sports or theme restaurant. Great potential for casual dining, fine dining or buffet. Well equipped kitchen with hood and fire suppression system. Any existing restaurant equipment and fixtures to be negotiated separately. Additional rent estimated to be $10.30 per square foot with utilities in addition. Landlord may be able to provide 2 parking spaces at the rear. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$13
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

3.07%

DSCR

1.17

Going-in cap

6.46%

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)

TenantAreaExpiry
Meridian Health Group624 SF2028-07
Meridian Health Group400 SF2028-07
Meridian Health Group640 SF2028-07

Area demographics

Trade area within 3 miles of the property.

Population

76,462

Households

27,559

Median income

$68,500

Median age

41.6

Daytime population

125,385

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 287-289 GEORGE STREET N, Peterborough (Town Ward 3).

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.