Business For Sale · Retail

3037 CLAYHILL ROAD, Mississauga (Cooksville)

3037 CLAYHILL ROAD, Mississauga (Cooksville), ON L5B4L2

$849,000 total

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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

86%

About this property

$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)

Financial sandbox

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Estimate
Purchase price$849K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 3037 CLAYHILL ROAD, Mississauga (Cooksville).

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.