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Business For Sale · Retail

71 ERIE STREET North, Leamington

71 ERIE STREET North, Leamington, ON N8H2Z4

$3,500 total

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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

82%

About this property

Opportunity to take over a lease until March 2029 for a fully outfitted butcher & grocery shop. THIS IS NOT A BUSINESS SALE — only lease takeover & equipment sale. Shop is ready to operate with all docs available. Upgrades include full LED lighting & emergency exits, a custom-built 18x10x9 walk-in cooler with CSA-approved door and fire-rated wall, & a 3-door glass freezer with additional cooler and freezer doors. It also features commercial-grade meat display cases, multiple stainless steel prep and work tables with backsplash, and a 1-compartment stainless sink complete with faucet and sprayer. Essential equipment includes a chamber vacuum sealer, a 7.8L stainless commercial sausage stuffer, an 850W commercial meat cutting and shredding machine, both an electric and Jaccard manual meat tenderizer, and hamburger patty presses (6"" and 5""). A professional 18"" food wrap machine, drying room or a dehydration room is also included. Willing to forward business contacts and existing clients (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$4K
Down payment30% · $1K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$16

Projected NOI

$193

Annual cash flow

$-1

Cash-on-cash

-0.12%

DSCR

0.99

Going-in cap

5.51%

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

115,050

Households

46,238

Median income

$98,500

Median age

31.8

Daytime population

137,005

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for 71 ERIE STREET North, Leamington.

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.