4 - 233 King Street Niagara-On-The-Lake, Ontario L0S 1J0
1608 sqft
Fully Air Conditioned
Other
$1,499,000
RARE OPPORTUNITY! Commercial investors dream in the historic old town Niagara-on-the-lake, with only one single AAA tenant, the current owner intends to stay multiple terms. Seller Lease back. 6% CAP RATE WITH TRIPLE NET LEASE (Tenant pays $90,000 annual base rent, plus property taxes, plus common element fee, plus utilities) This beautiful retail space sits on the main street of Niagara-on-the-lake and is surrounded by many busy / successful businesses. $350,000 in leasehold improvements. Great ROI with a very stable long-term tenant, in an area with substantial growth potential. Seller lease back situation. The owner is the tenant. (id:27910)
Property Details
MLS® Number | X8483988 |
Property Type | Retail |
Building
Cooling Type | Fully Air Conditioned |
Heating Fuel | Natural Gas |
Heating Type | Other |
Size Interior | 1608 Sqft |
Type | Retail |
Utility Water | Municipal Water |
Land
Acreage | No |