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Mac's 60 Dwyer Ave

3,367 SF Retail Building Timmins, ON P0N 1G0 $362,166 USD ($108 USD/SF) 6% Cap Rate

Executive Summary

This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity!

Attachments

60 Dwyer Avenue

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,367 SF
Building Class
C
Year Built
1970
Price
$362,166 USD
Price Per SF
$108 USD
Cap Rate
6%
NOI
$21,730 USD
Tenancy
Single
Building Height
1 Story

Nearby Major Retailers

Your Independent Grocer
Tim Hortons
  • Listing ID: 31448010

  • Date on Market: 4/8/2024

  • Last Updated:

  • Address: 60 Dwyer Ave, Timmins, ON P0N 1G0

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