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$11,500 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
US — Urban Services
$ / SF
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Occupancy
97%
**LEASE TAKEOVER** - An excellent opportunity to take over a fully renovated 622 sq. ft. commercial unit in a fantastic, high-traffic location at 441 Clark Ave W. Currently set up as a European clothing store, the space offers excellent flexibility and can continue with its current use or be adapted to a variety of permitted retail and commercial uses, subject to landlord approval. Food use is also permitted, providing additional possibilities for a wide range of businesses. The unit has been thoughtfully renovated with bright modern lighting, fresh paint, quality fixtures and a clean, contemporary finish, making it move-in ready for a retail store, boutique, office or other permitted commercial use. The current lease runs until March 31, 2027, with an additional 5-year renewal option. Current rent is approximately $5,000 per month, taxes included, offering an attractive occupancy cost for a prime commercial location. A great opportunity to secure an affordable, renovated commercial space in a busy and well established plaza with excellent exposure and convenient access. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$53
Projected NOI
$912
Annual cash flow
$275
Cash-on-cash
7.97%
DSCR
1.43
Going-in cap
7.93%
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.
Trade area within 3 miles of the property.
Population
79,718
Households
37,009
Median income
$90,500
Median age
42.5
Daytime population
97,107
5-yr growth
2.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill).
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.