For Sale · Retail

17315 YONGE STREET, Newmarket (Central Newmarket)

17315 YONGE STREET, Newmarket (Central Newmarket), ON L3Y8Z2

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

88%

About this property

Rare turn-key opportunity on Yonge St in top Newmarket location! Sublease for car dealership features 23 exterior display spots plus 2 indoor spaces. Includes ~700 sq ft of office space across 2 private offices. Gross lease-rent includes all utilities, TMI, internet, and phone service. Exceptional value and exposure. Contact LA immediately before it's gone! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

91,755

Households

33,353

Median income

$134,500

Median age

39.2

Daytime population

99,348

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 17315 YONGE 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.