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$3,325,000
Available - For Sale
Listing ID: X8242342
Location! Location! Location! Busiest intersection in the growing Town of Strathroy. Fantastic opportunity to own property & business. Perfect as a family-run business, new immigrants or add this flagship gem to your portfolio. Put down a 25% deposit and take advantage of the interest only VTB of 75% @ 5.25% for 2 years. Currently under absentee ownership. Manager runs site. Ultramar Gas, ON the RUN store & Mr. Sub franchise. Newly re-opened site, New Fuel/brand contract. New Lotto. New ATM. New back office system. New Smart-Safe. Development completed July 2023. 1.5 HRS from GTA. Open 24 Hours. Built as new in 2018/2019, with new double tanks & piping, new dispensers, Veederoot (monitoring system). Clean Phase II environmental report, completed in June 2021. Pre-pandemic (2019) fuel sales of 4.1 M litres of diesel and gas sales, currently 2.5 M litres. Pre-pandemic (2019) store sales of $1.5 M, currently $700K - Mr. Sub sales $300K per annum. Options for the new owner: Convert the office back into an apartment, Get ready for beer sales by converting the area beside counter into a Cold Vault. Add apartments above existing building.
Extras:   Buyer to assume Mr. Sub franchise as part of the sale. Buyer to purchase store inventory. Additional information available upon signing confidentiality agreement. Buyer to assume on site equipment leases, if any.
Price $3,325,000
Taxes: $13,127.52
Tax Type: Annual
Occupancy by: Owner
Address: 7 Metcalfe St East , Strathroy-Caradoc, N7G 1N9, Ontario
Postal Code: N7G 1N9
Province/State: Ontario
Legal Description: PT LT 10 & 11, EAST OF CARADOC ST, 34PL9
Lot Size: 98 x 102 (Feet)
Directions/Cross Streets: Caradoc St.
Zoning: C1, COMMERCIAL
Category: Multi-Use
Use: Retail Store Related
Building Percentage: Y
Total Area: .32
Total Area Code:  Acres
Retail Area: 2635
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Approximatly Age: 31-50
Franchise: Y
Days Open: 7
Hours Open: 24
Employees #: 12
LLBO: N
Outside Storage: N
Rail: N
Soil Test: Y
Clear Height Feet: 9
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: None
Sewers: San+Storm Avail
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
COLDWELL BANKER INTEGRITY REAL ESTATE INC.

7 Metcalfe St East , Strathroy-Caradoc, N7G 1N9, Ontario

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Mario Tompson
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At a Glance:
Type: Com - Commercial/Retail
Area: Middlesex
Municipality: Strathroy-Caradoc
Neighbourhood:
Style:
Lot Size: 98.00 x 102.00(Feet)
Approximate Age: 31-50
Tax: $13,127.52
Maintenance Fee: $0
Beds:
Baths: 1
Garage: 0
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Office: 416-548-7854       Mobile: 416-548-7854      Fax: 416-981-7184         Toll Free: 1-866-382-2968
Monday, May 20th, 2024
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