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$ 1,670,000
Est. payment | /mo
1 Bath
4,854 SqFt
$ 1,670,000
Est. payment | /mo
1 Bath
4,854 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,854 sqft
Price per Sqft $344
Subdivision Court / Cumberland
MLS Listing ID X13864336
Annual Tax Amount $14,331
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
single-tenant triple-net(NNN) commercial investment property leased to corporate tenant Brewers Retail Inc. (operating as The Beer Store) through December 2030 generating a fixed yearly net rent of $109,215. Because it is a triple-net lease, you have minimal day-to-day management responsibilities or operational cost fluctuations. Tenant directly handles property taxes, building utilities, and maintenance like snow removal, etc. Tenant also pay the insurance. Strong Covenant: Brewers Retail Inc. is a major corporate entity backed by large national/international brewing conglomerates, offering high financial stability compared to a small local business. The tenant directly handling snow plowing, property taxes, utilities and insurance eliminates the risk of inflation eroding your net income. Zoning: Service Commercial, offering high traffic exposure. Bus service, cable, garbage pickup, High speed internet, hydro, Natural gas, Streetlights, Telephone, Air conditioning, Loading dock, Overhead door, large parking area, paved yard, Store front, Wheel chairs access.
Location
Province ON
County Thunder Bay
Area Thunder Bay
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 210.0
Lot Depth 124.0
Others
Security Features No
ParcelsYN No
Listed by RE/MAX REALTY SERVICES INC.
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