Rekha Dhiman, Sales Representative

180 King St Sturgeon Falls, ON Nipissing (North Bay, Ontario, CA ) Built

$985,000 CAD

HomeLife Optimum Realty Inc., Brokerage

Rekha Dhiman, Sales Representative Rekha Dhiman, Sales Representative 4168783607 (Office) 4168783607 (Cell) Request More Info

  • Type: Commercial
  • Style: Commercial
  • Development Level: Built

Description

Investment Opportunity- Single tenant 7 year triple net, carefree lease to the landlord. Extensively renovated block to steel frame building with a AAA tenant. Maslack Auto Supplies is one of the regional leaders in automotive supplies. Lease runs to 2026 with multiple renewal options. Escalators though out 7 year term and renewals. NOI yr 1 of $61,595 reflecting a 6.25 CAP rate. Building has seen extensive renovations in preparation for this tenant- all completed Summer\Fall 2019: Facade / HVAC (including duct-work) /roof drainage / flooring / all window glazing / interior ceiling tile system / flooring replaced. Do not blink or you'll miss it. For private showing please call or email.

Attachments

P2#377585778
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