Business For Sale · Specialty

16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill)

16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill), ON L4J6W7

$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%

About this property

**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)

Financial sandbox

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Estimate
Purchase price$12K
Down payment30% · $3K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill).

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.