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

$985,000

Bridgecan Realty Corp., Brokerage

Gary Nusca CCIM CIPS Broker Gary Nusca CCIM CIPS Broker 905-526-7551 (Office) 416-214-4875 (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

Brokered and Advertised by : HomeLife Optimum Realty Inc., Brokerage
P2#377585778
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Information is deemed to be correct but not guaranteed.

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