For Sale · Retail

B1-361 HODDER AVENUE, Thunder Bay (Current River)

B1-361 HODDER AVENUE, Thunder Bay (Current River), ON P7A1T6

Price on request

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

100%

Lot Size

285 ac

About this property

Rare small-footprint commercial suite offering complete privacy at an entry-level size. This 285 sq ft unit has its own direct entrance off the parking lot, with no shared hallways, no common areas, and no waiting for anyone else's schedule. Inside you'll find a private kitchenette and a private bathroom serving your unit alone, so the space functions as a fully self-contained operation from day one. The UX zoning opens the door to a wide range of permitted uses including office, retail, service commercial, indoor recreation, and health centre, making this a fit for the solo practitioner, therapist, consultant, trainer, or small operator ready to move out of a home office or shared arrangement. On-site parking at the door for you and your clients. A clean, efficient, turn-key footprint on a well-travelled Hodder Avenue corridor. Gross lease. Landlord pays heat, hydro, and water. Tenant pays internet/phone (if required). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$89K

Annual cash flow

$6K

Cash-on-cash

1.31%

DSCR

1.07

Going-in cap

5.94%

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

112,595

Households

40,945

Median income

$99,500

Median age

44.3

Daytime population

160,531

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for B1-361 HODDER AVENUE, Thunder Bay (Current River).

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.