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$849,000 total
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Asset Class
Retail
Size
—
Building class
B
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
86%
$1.47 MILLION in annual revenue WITHOUT selling meat products, beer, or hot food, offering exciting opportunities for expansion! Excellent opportunity to acquire an established, independently operated grocery store in a prime Mississauga location. Situated in a busy plaza alongside McDonald's, Subway and other established businesses, this approximately 4,400 sq. ft. store offers excellent visibility. The business has a database of approximately 8,000 registered customers and a modern setup with equipment and fixtures installed approximately five years ago, including two walk-in coolers and one walk-in freezer. Additional space at the rear offers potential for a meat department, bakery or hot food kitchen, subject to necessary approvals. This is the only store in the plaza with a lottery terminal and alcohol retail license. No franchise royalties! The next owner may continue under the existing name or explore a name change or complete rebranding. Lease in place until 2031, with two additional 5-year renewal options (5+5), potentially extending occupancy until 2041. With established sales, an existing customer database, modern infrastructure and potential to expand product offerings, this is a compelling opportunity for an owner-operator or investor. (id:66811)
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Monthly debt service
$4K
Projected NOI
$51K
Annual cash flow
$3K
Cash-on-cash
1.37%
DSCR
1.07
Going-in cap
5.95%
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.
Trade area within 3 miles of the property.
Population
88,625
Households
32,426
Median income
$79,500
Median age
45.1
Daytime population
82,380
5-yr growth
5.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3037 CLAYHILL ROAD, Mississauga (Cooksville).
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.