office building with bank and LCBO; Ontario; 1.1 MIL; 8.1 cap rate

AAA Building Tenants - Callander

5 Main, Callander, ON P0H1H0

• Price:
  $1,100,000 CAD
• Building Size:
  10,000 SF
• Price/SF:
  $110 CAD
• Property Type:
  Retail
• Property Sub-type:
  Free Standing Bldg
• Property Use Type:
  Net Lease Investment with 4 years left on lease
• Cap Rate:
  8.10%
• Tenancy:
  Multiple
• Find Out More...

Last Verified 1/18/2011 Listing ID 15698786

Description

Nice building with excelent tenants including Royal Bank, LCBO - liqeur store and boutique on the main floor and two big apartments on the second floor. LCBO renewed the lease up to 11/2013 with $3756 increase. Royal Bank also renewd for 5 years with higher rent up to Nov 2014 - they have been long-term tenants - over 25 years

City centre - small but very vibrant comunity in the northern part of Ontario, just 5 miles south of the City of North Bay

Financial Summary

• Actual
• Net Operating Income
  $84,563 CAD