For Sale · Retail

11 COLBORNE STREET N, Norfolk (Simcoe)

11 COLBORNE STREET N, Norfolk (Simcoe), ON N3Y3T8

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

86%

Lot Size

735 ac

About this property

Welcome to Unit 11 at 23 Colborne Street, located in the heart of the rapidly growing town of Simcoe. While Simcoe embraces the charm of small-town living, it offers the conveniences and amenities of a much larger community. Home to a thriving business district, beautiful public spaces, and serving a county-wide population of more than 67,000, it's a community where businesses have the opportunity to grow and succeed. Positioned just off the town's main street in the vibrant downtown core, this commercial unit offers a full glass storefront, providing excellent visibility and exposure in a high-traffic location. With approximately 735 square feet of versatile space, there's plenty of room to bring your business vision to life. The layout currently includes two private rooms, a convenient 2-piece washroom, and flexible open space that can be adapted to suit a variety of business needs. Looking for a customized layout? Build-to-suit options are available through the landlord, allowing you to tailor the space to meet your specific business needs and create the ideal environment for your success. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

55,297

Households

24,274

Median income

$71,000

Median age

43.8

Daytime population

76,522

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 11 COLBORNE STREET N, Norfolk (Simcoe).

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.