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Grocery Anchored Shopping Centre In Espanola, On

Not on MLS®

$15,000,000

For Sale: in

Updated Jun 8, 2022
Grocery Anchored Shopping Centre In Espanola, ON

Listing Details

Co-op commission:

Subtype: Shopping Centre, Grocery/Convenience Store, Plaza and Strip Mall

Zoning: Commercial

Floors: 1

Sale type: For investors

Tenancy: Multiple

Financial Details

Net operating income: $866,000

Cap rate: 5.77%

Description

800 Centre Street is a commercial mall located in Espanola, Ontario (just West of Sudbury). It's north of Highway 6 and has approximately 775 feet frontage on the Highway. The property is presently improved with an approximate 106,946 square feet of gross leasable area. Fresh Co’s rent to sales ratio is one of the best in the province. They also just signed Pizza Hut on a 10 year deal, and they have massive upside with concrete interest from both Dairy Queen and Popeyes Chicken to build pad sites on the property. Additional upside in leasing the former Anytime Fitness unit that is a prime 3,000 sq ft. Rent Roll and site plan are attached below. Site plan is outdated so please refer to rent roll for updated vacancies. If interested, call or text Anthony.

Location & nearby

This listing is located in Espanola, ON

Espanola, ON, Canada

Anthony Spano

REALTOR®
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