For Lease · Retail

1 - 3073 RIVERSIDE DRIVE E, Ottawa

1 - 3073 RIVERSIDE DRIVE E, Ottawa, ON K1V2T2

$55 per sq ft / yr

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

89%

About this property

One-of-a-kind, prime ground-floor corner commercial space at The Docks at Mooney's Bay, 3073 Riverside Drive. Over 20,000 vehicles pass daily on Riverside Drive, giving this storefront exceptional visibility, with a signage opportunity facing Riverside and lots of natural light from the corner position. 3,063 sq ft, divisible into two units of approx. 1,531 sq ft each, with three entrance/exit doors for flexible layouts. Triple net lease with no condo fees. Base build (open ceiling, basic lighting, fire suppression), ready to retrofit to suit your business. 100 A dedicated electrical service, metered water line and rough-in plumbing, 14 exterior parking spaces, a storefront patio and a garbage and recycling room on P1. Ideal for retail, professional office, services, a coffee shop or a small grocer. Not suited to a full restaurant (no commercial venting). A growing riverside community is at your door, within walking distance of Mooney's Bay Park, transit and federal offices. Available now. (id:66811)

Financial sandbox

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Estimate
Purchase price$55
Down payment30% · $17
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$3

Annual cash flow

$-1

Cash-on-cash

-3.11%

DSCR

0.83

Going-in cap

4.61%

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

142,782

Households

51,124

Median income

$94,500

Median age

33.1

Daytime population

157,590

5-yr growth

9.1%

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

Secure deal room

Confidential diligence documents for 1 - 3073 RIVERSIDE DRIVE E, Ottawa.

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.