Exceptional Care-Free Investment Opportunity High-Yield Retail Space in Prime Location! Looking for a profitable and hassle-free investment? This rare commercial retail property, located in the bustling Oriental Centre Mall at intersection Sheppard Ave E and Brimley Rd, offers a steady 5.65% net operating income with all T.M.I. covered by the tenant, ensuring truly passive income. Situated on the main floor near anchor tenants like RBC, this property boasts 6,000+ sq. ft. (combined across three units) in a high-traffic, in-demand area, making it a prime retail location. The tenant, with a proven track record of 14 years in operation, is on a lease until November 2025 with an option to renew for an additional 5 years. Notably, the rent is currently below market rates (average $28-$30 per sq. ft.), offering substantial potential for future growth. Professionally managed by an in-house management team, this property guarantees an stress-free ownership experience. Invest in this rare opportunity today and secure a care-free asset that delivers strong returns and long-term potential. **** EXTRAS **** Do not go direct. PIN NUMBERS: Suite1-2 126440002, Other1 - 1126440001, Other1 - 59126440059 (id:56069)
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
| MLS® Number | E9259434 |
| Property Type | Retail |
| Neigbourhood | North York City Centre |
| Community Name | Agincourt South-Malvern West |
| Features | Elevator |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 6,805 Ft2 |
| Utility Water | Municipal Water |
| Underground |
| Acreage | No |
| Zoning Description | Commercial-retail |
Contact us for more information
Mofiz Rahman
Broker
(416) 537-2441
(416) 537-6871
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