For Sale · Retail

20620 HIGHWAY 11, King

20620 HIGHWAY 11, King, ON L3Z2A9

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

92%

Lot Size

0.919 ac

About this property

Rare Highway 11 commercial land lease opportunity offering approximately 0.92 acre of highly visible, predominantly open yard space with excellent exposure and convenient access to Bradford, Newmarket and the surrounding King/East Gwillimbury area. The property is improved with hydro, water and internet service, extensive outdoor space, existing electrical infrastructure and a small on-site structure suitable for ancillary utility, security or administrative purposes. An excellent opportunity for a business requiring significant outdoor display, parking or operational space. Preferred uses include automobile, commercial vehicle, trailer, farm equipment or equipment sales/display and related operations, with other commercial, agriculture-related, building/equipment supply and compatible uses also considered, subject to zoning and all applicable governmental approvals. Flexible lease terms available. Longer-term arrangements and tenant-specific site improvements may be considered for suitable users, subject to Landlord approval and applicable regulatory requirements. An opportunity for the right operator to establish a long-term presence along the evolving Highway 11 commercial corridor while customizing the property to suit its business requirements. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

75,888

Households

30,129

Median income

$76,500

Median age

42.7

Daytime population

96,807

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 20620 HIGHWAY 11, King.

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.