NET OPERATING INCOME $68,551 GENERATING A 9% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense has installed an artificial grass surface and playground structures throughout the playground area at the projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners that were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant all through the pandemic was always able to meet their financial lease obligations and continue to do so. (id:56069)
| Business Type | Retail and Wholesale |
| Business Sub Type | General retail |
| MLS® Number | 2119651 |
| Property Type | Retail |
| Neigbourhood | The Donovan |
| Equipment Type | None |
| Rental Equipment Type | None |
| Storage Type | Outside Storage |
| Amenities | Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Alarm System, Controlled Entry, Fire Alarm System |
| Flooring Type | Hardwood, Vinyl |
| Foundation Type | Block, Concrete |
| Heating Type | High-efficiency Furnace |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Utility Water | Municipal Water |
| Attached Garage | |
| Parking Space(s) |
| Acreage | No |
| Fence Type | Fenced Yard, Partially Fenced |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | I |
https://www.realtor.ca/real-estate/27591698/264-mackenzie-street-sudbury
Contact us for more information
Gary Doyle
Salesperson
(705) 586-3334
realtyexecutivessudbury.com/
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