Description
Fully leased 2,700 square foot convenience store to a national tenant on 0.6 of an acre (sale of land and building only). Currently in the 5th year of a 5 year lease term with Circle K. Tenant has occupied the Property for over 20 years. In place net income generates a 6.33% cap rate on asking price. Renewal net income (starting in February 2025) will produce a 7% cap rate on asking price.
General Info
MLS Listing ID: C8060032 | Bedrooms: 0 | Bathrooms: 0 | Year Built: 1999 |
Parking: N/A | Heating: N/A | Lotsize: 0.6 ac | Air Conditioning : N/A |
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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .