For Lease · Retail

8 - 11655 MCVEAN DRIVE, Brampton (Toronto Gore Rural Estate)

8 - 11655 MCVEAN DRIVE, Brampton (Toronto Gore Rural Estate), ON L6P4N5

Price on request

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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

92%

About this property

PRIME DUAL-FRONTAGE COMMERCIAL SPACE WITH RESTAURANT-STYLE SEATING AND COMMERCIAL KITCHEN FOR LEASE - 2,057.60 SQ. FT. AT MCVEAN COMMERCIAL CENTRE!! Envision Your Next Franchise Location Here!! Benefit From An Established Commercial Plaza With Existing Customer Foot Traffic, Anchor Stores And Ample Parking For Customers And Staff!! A Great Opportunity For Franchise Operators Looking To Expand Their Brand Presence In The Brampton-Caledon Trade Area!!. Explore This Commercial Space At The Intersection Of McVean Drive And Mayfield Road, Near The Brampton-Caledon Border!! Located Within McVean Commercial Centre, This Space Offers An Opportunity For Retailers, Entrepreneurs And Food-Service Operators!!DUAL FRONTAGE - TWO SHOPFRONTS!! Features Include A Customer Seating Area, A Large Functional Kitchen At The Rear And A Handicapped-Accessible Washroom, Designed To Accommodate Customer Accessibility In Accordance With Applicable City Of Brampton Requirements!!The Layout May Suit A Bakery-Cum-Cafe, Restaurant-Cum-Bar (Subject To Liquor Licence Approval), An Eatery Offering Vegetarian And/Or Non-Vegetarian Options, A Restaurant, Cafe, Takeaway Joint, Snack Shop, Retail Store, Dine-In Concept Or Similar Commercial Venture, Subject To Permitted Use And Applicable Approvals!! FOOD-SERVICE POTENTIAL OF DINE-IN RESTAURANT CUM BAR WITH EXPANDABLE SEATING CAPACITY!! Opportunity To Apply For A Liquor Sales Licence, Subject To Eligibility, Permitted Use And Approval By The Relevant Authorities!! PROPERTY HIGHLIGHTS: Approximately 2,057.60 Sq. Ft. Of Commercial Space; Dual Frontage With Two Shopfronts; Customer Seating Area; Large Functional Rear Kitchen; Handicapped-Accessible Washroom; And A Location Within An Established Commercial Plaza Serving The Surrounding Brampton-Caledon Community!! Prospective Tenants Should Confirm Additional Rent, Utilities, Other Occupancy Costs And Lease Terms!! PREMISES OFFERED ON AN AS-IS, WHERE-IS BASIS!! Long Term Lease for Business Continuity!! (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

103,153

Households

42,503

Median income

$115,000

Median age

34.3

Daytime population

125,354

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 8 - 11655 MCVEAN DRIVE, Brampton (Toronto Gore Rural Estate).

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.