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X4318181
$3,500,000

364 Second Line W (Korah Road & Second Line West)

Price: $3,500,000

Status: For Sale 

MLS®#: X4318181

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$3,500,000 Calculator
  • Tax: $102,564/Annual (2018)
  • City:Sault Ste Marie
  • Type:Commercial
  • Style:Commercial/Retail
  • Bath:2
  • Size: 59,148 Sq Ft
  • Age:6-15 Years Old

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsMunicipal

Listing Contracted With: RE/MAX REALTY SERVICES INC., BROKERAGE

Description

Free Standing Building On 1.35 Acre. 10,330 Sq. Ft. Building. Triple *A* Investment Opportunity! Currently Leased By ***Shopper's Drug Mart*** Triple Net Lease, $206,000 Annually Approx. 7.5% Cap Rate. Three Remaining Options To Extend At 5 Year Terms Each. Great Exposure!!! Investors. Please Do Not Go Direct.


Highlights

Triple Net Lease! Approx. 7.5% Cap,Investors, Pls Note, There Is Approx. 3 More Years Left On The Present Lease, Plus 3 Additional 5 Years .Presently $206,000 Annual Triple Net Income.

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’

Paal Wirring

Sales Representative

295 Queen St. E. Brampton, Ontario, Canada L6W3R1

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