
89 Norman STREET, Sarnia, ON N7T6S4
$199,000 total
—
Asset Class
Specialty
Size
—
Building class
B
Zoning
US — Urban Services
$ / SF
—
Occupancy
89%
Discover an exciting opportunity to acquire an established food-service business located within a hospital in Sarnia. Offered at an attractive price, this business presents a compelling opportunity for entrepreneurs, owner-operators, and investors seeking an existing operation in a distinctive institutional setting. One of the key highlights is its exceptionally favorable occupancy cost, providing an attractive advantage in today's commercial market. Whether you're looking to enter the food-service industry or expand your existing business portfolio, this opportunity is worth exploring. The seller is open to considering flexible purchase arrangements, including potential Vendor Take-Back financing, subject to mutually agreeable terms. Opportunities combining a unique location, affordable entry price, and flexible deal possibilities deserve a closer look. Business sale only; real estate is not included. Don't miss your chance to explore what this business has to offer. A new sublease agreement will be executed with the successful buyer upon entering into a binding Agreement of Purchase and Sale, subject to mutually agreed-upon terms and conditions. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$919
Projected NOI
$11K
Annual cash flow
$399
Cash-on-cash
0.67%
DSCR
1.04
Going-in cap
5.74%
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
96,773
Households
37,051
Median income
$122,000
Median age
37
Daytime population
122,169
5-yr growth
1.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 89 Norman STREET, Sarnia.
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.