For Lease · Retail

7 FRONT STREET E, Strathroy-Caradoc (NW)

7 FRONT STREET E, Strathroy-Caradoc (NW), ON N7G1Y4

$28 per sq ft / yr

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

92%

About this property

1,700 Sq Ft of restaurant space available at one of Strathroy's busiest intersections. This high visibility unit comes equipped with a designated kitchen space & dining area, a 15' commercial exhaust fan, a 6' x 8' walk-in cooler, both staff and customer washrooms, and a large room at the rear that may be used for additional storage, office space, or converted to an additional dining area. The unit neighbours Circle K, Tim Hortons, Dollarama and many other prominent businesses. C1 zoning also permits other uses. The unit is being offered at $28/Sq Ft + $10/Sq Ft (TMI). Utilities are to be held in the tenants name. (id:66811)

Financial sandbox

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Estimate
Purchase price$28
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

2.18%

DSCR

1.12

Going-in cap

6.20%

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

79,067

Households

29,596

Median income

$68,000

Median age

38.3

Daytime population

110,841

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 7 FRONT STREET E, Strathroy-Caradoc (NW).

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.