MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket)MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 2MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 3MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 4MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 5MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 6MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 7MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 8MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 9MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 10MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 11MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 12MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 13MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 14MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 15MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 16MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 17MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 18MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 19MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket) — photo 20
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For Lease · Retail

MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket)

MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket), ON L3Y3Y1

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

99%

About this property

Excellent opportunity to lease main-floor commercial retail space in the heart of downtown Newmarket. Rent is $5,000 per month plus TMI of $560 per month. This storefront offers excellent exposure on a busy main road, surrounded by established shops, restaurants and local amenities. The unit also includes full access to approximately 1,000 sq. ft. of basement space, providing valuable additional room for storage and ancillary business use, subject to applicable approvals. Suitable for a variety of retail and service businesses, including potential restaurant use, subject to zoning and required approvals. No commercial kitchen exhaust hood is installed. Tenant is responsible for their own hydro/electricity account; water is separately metered. An ideal opportunity to establish or expand your business in Newmarket's downtown core. (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

69,110

Households

30,570

Median income

$135,000

Median age

41.2

Daytime population

107,198

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for MAIN FLOOR - 15 MAIN STREET, Newmarket (Central Newmarket).

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.