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a carefree triple A tenanted commercial retail investment property located in the main business district of Bracebridge, single tenanted by Rexall Pharma Plug Drug Mart with Doctors Clinic and Medical Lab, Lot size: 2.3 acres, building size: 17,384 Sq. Ft., Current Triple Net Income is $415,000.00, Current Lease Term ends Feb 18, 2027, Renewal Option: 2x5 years, Current zoning allows for 33% coverage based on seller information: potential upside for future redevelopment (id:27476)
Presenting a prime commercial retail investment property in the bustling business district of Bracebridge, this triple A tenanted space is currently occupied by Rexall Pharma Plus Drug Mart, along with a Doctors Clinic and Medical Lab. The property boasts a generous lot size of 2.3 acres and a spacious building measuring 17,384 square feet.
With a current Triple Net Income of $415,000.00, this property offers a lucrative investment opportunity. The existing lease is in place until February 18, 2027, with the option for renewal for 2 additional terms of 5 years each. The current zoning permits 33% coverage, as per information provided by the seller, indicating potential for future redevelopment and increased value.
For interested buyers, this property is currently on the market for sale. The land size is approximately 554.25 x 170.96 FT; Irregular in shape. Situated at 55 MUSKOKA RD 118 RD W in the city of Bracebridge, Ontario, the property is easily accessible and conveniently located. The postal code for this property is P1L1T2.
Furthermore, the property is fully air conditioned, ensuring a comfortable environment for tenants and visitors alike. With its strategic location and promising income potential, this commercial retail investment property presents a compelling opportunity for investors seeking a high-performing asset in a thriving business district.
