For Lease · Retail

6405 ERIN MILLS PARKWAY, Mississauga (Meadowvale Business Park)

6405 ERIN MILLS PARKWAY, Mississauga (Meadowvale Business Park), ON L5N4H4

$40 per sq ft / yr

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Asset Class

Retail

Size

—

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

96%

Lot Size

1604 ac

About this property

Fully improved approximately 1604 sq. ft. quick-service beverage premises situated within Battleford Plaza. The premises are presently configured for a bubble tea concept and include an existing build-out that may reduce construction time and costs for an incoming operator. Available by way of assignment of the existing lease or sublease, subject to the prior written consent of the head landlord. Any proposed use, concept, trade name and menu are subject to the head landlord's approval and the applicable use restrictions and exclusivities affecting the Centre. Prospective occupants must independently verify the condition, capacity and suitability of all equipment, utilities, HVAC,fire-suppression, plumbing and leasehold improvements. Immediate possession may be available, subject to receipt of all required approvals and completion of documentation. Exact balance of the head lease term and expiry date remain subject to confirmation from the head landlord. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$40
Down payment30% · $12
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$-0

Cash-on-cash

-3.01%

DSCR

0.84

Going-in cap

4.64%

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

66,222

Households

26,895

Median income

$82,000

Median age

43.5

Daytime population

65,900

5-yr growth

7.2%

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

Secure deal room

Confidential diligence documents for 6405 ERIN MILLS PARKWAY, Mississauga (Meadowvale Business Park).

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.