For Lease · Retail

2 - 1507 SPEERS ROAD, Oakville (QE Queen Elizabeth)

2 - 1507 SPEERS ROAD, Oakville (QE Queen Elizabeth), ON L6L2X5

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

92%

About this property

Rare leasing opportunity at Speers Road & Third Line, one of Oakville's busiest corners with 25,000 vehicles per day volume, offering excellent exposure and high traffic in an established automotive corridor. This E4-zoned lot provides access from both Speers Road and Third Line and is ideally suited for vehicle sales, inventory storage and other permitted automotive uses. Directly anchored by a busy car wash that has been operating for 55 years, providing additional visibility and customer traffic. Approximately 46x136 feet, with 35-40 vehicle capacity. Landlord to provide a modernized portable office with a washroom, electricity, AC & heat, customized to suit the tenant's needs and ideal for use as a sales office. A second adjacent lot is also available, allowing tenants to lease one lot independently or combine both for a larger dealership footprint. Flexible opportunity for established dealers, used car operators or those looking to expand. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

47,572

Households

18,296

Median income

$112,000

Median age

32.2

Daytime population

50,300

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for 2 - 1507 SPEERS ROAD, Oakville (QE Queen Elizabeth).

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.