For Sale · Retail

700 BROOKDALE AVENUE, Cornwall

700 BROOKDALE AVENUE, Cornwall, ON K6J5M2

$999,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

86%

Lot Size

1.024 ac

About this property

The site is approximately 1.1 acres in total area with a 3,300 sq ft Harvey's restaurant located on the property. The property is subject to a long term lease, the terms and conditions of which will be provided to qualified buyers under NDA. The site has approximately 40 parking spaces allocated to the current use. There is an adjacent and contiguous 1.1 acre parcel of vacant land available for sale at $695,000. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$999K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$47K

Annual cash flow

$-8K

Cash-on-cash

-2.76%

DSCR

0.85

Going-in cap

4.71%

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

125,669

Households

50,211

Median income

$136,500

Median age

35.1

Daytime population

132,551

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 700 BROOKDALE AVENUE, Cornwall.

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.