Business For Sale · Land

3641 WHEELER LINE, Chatham-Kent (Tilbury)

3641 WHEELER LINE, Chatham-Kent (Tilbury), ON N0P2L0

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

84%

About this property

A turnkey business opportunity in Tilbury featuring a fully fenced yard, approximately 36-40 residential and commercial storage units ranging from small to large, and convenient drive-in access. Ideal for an entrepreneur looking to start a new venture or relocate an existing business, the property offers a secure and well-maintained setting with flexible space for a variety of uses. The spacious gravel yard provides additional outdoor storage and parking for automobiles, RVs, boats, trucks and trailers, with potential for other permitted uses. This versatile setup presents an attractive option for an owner-operator or investor seeking flexibility and room for future growth. Conveniently located just minutes from Highway 401, with easy access to surrounding residential, commercial and transportation markets. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

122,980

Households

53,287

Median income

$120,000

Median age

35.8

Daytime population

121,391

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 3641 WHEELER LINE, Chatham-Kent (Tilbury).

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.