429 Huron St
Stratford, N5A5T8
For Sale
$7,300,000
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Retail
CATEGORY13,382 Sq Ft
TOTAL AREAX8105468
MLSIDContact Us
Property Description
1.975 ACRE CORNER LOT WITH ANCHOR TENANT OF TIM HORTON AND BEER STORE; LONG ESTABLISHED TENANT AT THE PROPERTY;APPROVAL ON HAND FOR BUILDING GAS STATION AS WELL IF BUYER IS INTERESTED.DO NOT GO DIRECT OR TALK TO EMPLOYEES; 5.5% CAP RATE TO THE BUYER ON CURRENT INCOME AND FURTHER GROWTH IS POSSIBLE; Beer Store is extending their lease for two years and thereafter they will reduce their floor area and renegotiated rent at market rate and this is subject to approval of drive through from the city for their customers. Gas station convenience store will use the space released by beer store; all offers welcome.
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Extras
PLEASE DO NOT GO DIRECT WITHOUT NOTIFYING THE LISTING BROKERAGE DO NOT TALK OR ASK ANYTHING FROM THE TENANTSALL INFO WITH THE LISTING BROKERAGE; SEND CONFIDENTIALITY AGREEMENT AS ATTACHED TO GET ACCESS TO THE DATA
Property Details
Category
Retail
Usage
Retail Store Related
Zoning
Commercial Retail
Total Area
13,382 Sq Ft
Retail Area
13,382 Sq Ft
Lot Size
279' x 313'
Taxes
$69,135 (2023)
Air Conditioning
Yes
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Listing contracted with Realcap Realty Inc.
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