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For Lease · Retail

103 CEDAR Drive, Turkey Point

103 CEDAR Drive, Turkey Point, ON N0E1T0

$26,000 per sq ft / yr

991 SF

Asset Class

Retail

Size

991 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

$26

Occupancy

89%

About this property

Turkey Point commercial lease available! Possibly The Best beach-front location in this quaint Lake Erie resort town exploding every summer w/sun worshipping tourists savouring expansive golden sand beaches directly in front of this Erie Gem. Mins to popular destination villages that dot Erie's Golden South Coast - renowned for fantastic boating, fishing, zip-lining, golfing + miles of bike/hiking trails nearby. Less then 2 hour comm. to Toronto - 60 mins SE of London - central to Port Dover, Simcoe + Long Point's Natural Bio-Sphere. Established for over 70 yrs - Comm. Restaurant offers aprx. 2000sf work area featuring a fully equipped kitchen, multiple take-out windows, refurbished walk-in cooler, 3pc bath, laundry station, SS range hood, fire suppression system, membrane roof, community water, septic + equipment-SchB. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$26K
Down payment30% · $8K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$120

Projected NOI

$1K

Annual cash flow

$-143

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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
Lakeview Physiotherapy878 SF2030-01

Area demographics

Trade area within 3 miles of the property.

Population

68,072

Households

29,516

Median income

$99,000

Median age

44.6

Daytime population

61,863

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 103 CEDAR Drive, Turkey Point.

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.