Business For Sale · Industrial

525 GRAND AVENUE West, Chatham

525 GRAND AVENUE West, Chatham, ON N7L3Z2

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

87%

Clear height

23 ft

Loading docks

12

About this property

525 GRAND AVENUE WEST, SHOPPING CENTRE. AN EXCEPTIONAL LEASING OPPORTUNITY TO CO-TENANT WITH MARY BROWN'S IS NOW AVAILABLE AT THE NEWLY DEVELOPED SHOPPING CENTRE STRATEGICALLY LOCATED. THIS, FREESTANDING PAD SITE QUICK-SERVICE RESTAURANT OFFERS APPR 1665 SQ FT OF MODERN SPACE, PROVIDING THE IDEAL SETTING FOR NATIONAL, REGIONAL OR INDEPENDENT RESTAURANT OPERATORS. THIS HIGH PROFILE LOCATION NESTLE ALONG CANADA'S NATIONAL BRANDS IS READY TO GO. CALL LISTING AGENT. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

62,648

Households

27,556

Median income

$118,000

Median age

35.5

Daytime population

80,988

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 525 GRAND AVENUE West, Chatham.

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.