For Lease · Retail

944 SIMCOE STREET N, Oshawa (Centennial)

944 SIMCOE STREET N, Oshawa (Centennial), ON L1G4W2

$25 per sq ft / yr

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

94%

About this property

Exceptional commercial leasing opportunity with incredible Simcoe Street North frontage in rapidly growing North Oshawa. Offering premium visibility, high traffic counts of 18,000+ vehicles daily and exclusive use of a pylon sign at no additional cost. Dedicated parking for 8 vehicles. Ideal for a variety of retail and food-related uses, including pizza, bakery, sandwich/deli, quick-service food establishments, specialty grocery, nail salon and aesthetics. Features include an on-site walk-in cooler, abundant natural light and recent upgrades to all bathrooms, basement lunchroom/office, main-level tiled walls and a newly installed roof. Main building equipped with single-phase 200-amp electrical service, with three-phase power available on site. Basement space of approximately 602 SF to be charged at $10/SF, no TMI. Rent Breakdown: Above Grade: 1,444 SF @ $25/SF Net + TMI @ $13/SF = $4,572.67/month. Basement: 602 SF @ $10/SF = $501.67/month. TOTAL: $5,074.34/month + HST & Utilities. (id:66811)

Financial sandbox

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Estimate
Purchase price$25
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

5.46%

DSCR

1.30

Going-in cap

7.18%

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

131,327

Households

55,833

Median income

$74,500

Median age

42.1

Daytime population

120,240

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 944 SIMCOE STREET N, Oshawa (Centennial).

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.