4 - 233 King Street Niagara-On-The-Lake, Ontario L0S 1J0
$1,799,000
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. 5% 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. (id:47351)
Property Details
| MLS® Number | X8116742 |
| 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 |
https://www.realtor.ca/real-estate/26586041/4-233-king-street-niagara-on-the-lake
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May 14 2024 05:10:19
Toronto Real Estate Board
RE/MAX Professionals Inc.