For Lease · Retail

1128 FENNELL Avenue E, Hamilton

1128 FENNELL Avenue E, Hamilton, ON L8T1S5

$23 per sq ft / yr

2,979 SF

Asset Class

Retail

Size

2,979 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

$0

Occupancy

84%

About this property

Offering approx. 3000 square feet of high-visibility retail/service zoned commercial space, situated at the busy Upper Ottawa and Upper Gage intersection. Home to the outgoing BMO bank for over 40 years, the host strip mall is full of thriving, long standing tenants. Ample parking on site. Features a staff kitchen and two bathrooms. Units of this size, visibility, and traffic are rare; seize this opportunity to secure this optimal location for your business! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$23
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-6.30%

DSCR

0.66

Going-in cap

3.65%

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
Prairie Coffee Roasters1,500 SF2029-03
Prairie Coffee Roasters991 SF2028-03

Area demographics

Trade area within 3 miles of the property.

Population

59,213

Households

26,538

Median income

$114,500

Median age

32

Daytime population

67,389

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 1128 FENNELL Avenue E, Hamilton.

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.