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$69,999 total
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Asset Class
Retail
Size
—
Building class
B
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
82%
Excellent opportunity to acquire a turnkey food-service business in ahighly visible and well-positioned location with strong streetexposure, pedestrian traffic, convenient access to parking and stepsaway from Lake Simcoe.The premises offer an attractive lease rate of $1,398.38 per month,inclusive of TMI, plus $72 per month for garbage. The business can beoperated independently under a new name, converted to another permitteduse, or the purchaser may have the opportunity to assume the existingfranchise.The sale includes an extensive inventory of commercial equipment,providing a well-equipped setup for continued food-service operations,including: 2 Nordic Air refrigerators 1 Monster beverage refrigerator 1 Frigidaire commercial standing refrigerator 2 Danby chest freezers 2 True North salad stations/refrigerators with cutting boards 1 True North standing freezer 4 Frymaster commercial deep fryers 1 Omcan conveyor oven Commercial range hood and hood fan 1 True North beverage refrigerator 3 commercial sinks 1 stainless steel double prep sink 1 stainless steel single prep sink 2 commercial prep tables 3 TVs Camera and alarm system 4 steel shelving units MicrowaveA well-equipped opportunity with a highly attractive lease andexcellent potential for an owner-operator or entrepreneur. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$323
Projected NOI
$4K
Annual cash flow
$-118
Cash-on-cash
-0.56%
DSCR
0.97
Going-in cap
5.37%
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.
Trade area within 3 miles of the property.
Population
99,812
Households
45,420
Median income
$101,500
Median age
45
Daytime population
91,743
5-yr growth
8.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 9 CLAPPTERTON STREET, Barrie (City Centre).
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.