For Lease · Retail

124636 SIMCOE STREET, Tillsonburg

124636 SIMCOE STREET, Tillsonburg, ON N4G2H6

$20 per sq ft / yr

1,396 SF

Asset Class

Retail

Size

1,396 SF

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

$0

Occupancy

96%

About this property

Prime commercial opportunity located at the busy intersection of Simcoe Street and Mall Road, offering excellent visibility with 141 feet of frontage and access from three separate entrances. This 1,300 sq. ft. stand-alone building provides a flexible layout suitable for a wide range of commercial uses. The Highway Commercial (HC) zoning supports many potential business types such as a cafe, sandwich shop, coffee and dessert bar, retail store, professional office, wellness services, quick-service food concept, specialty pet services, or an eBike and mobility shop. All proposed uses are subject to approval by the town and must comply with applicable zoning and permitting requirements, and any improvements or alterations will require landlord approval. A Phase II Environmental Assessment has been completed and is available. This high-traffic, high-exposure location presents an excellent opportunity for a business looking to establish or expand in a growing commercial corridor. Certain images shown are concept renderings to help visualize possible uses for the space. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-2.47%

DSCR

0.87

Going-in cap

4.80%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group1,339 SF2030-01

Area demographics

Trade area within 3 miles of the property.

Population

138,826

Households

65,792

Median income

$129,000

Median age

35.8

Daytime population

173,392

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 124636 SIMCOE STREET, Tillsonburg.

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.