Free-standing investment property with prime exposure on Highway 7. Former Tom's Burgers with many permitted uses. 1,800 sf main floor plus 1,500 sf basement. Clean environmental done in 2020. Currently leased to a top brand franchise. Tenant willing to stay or will consider selling the business if purchaser wants vacant possession. Current lease until June 2032 with escalations, with two - 5 year options to renew with strong franchise covenants. New roof shingles, downspouts, all new electrical, and main floor flooring installed in 2022. (id:60365)
MLS® Number | N12418230 |
Property Type | Retail |
Community Name | Bullock |
AmenitiesNearBy | Highway, Public Transit |
CoolingType | Fully Air Conditioned |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
SizeInterior | 1800 Sqft |
UtilityWater | Municipal Water |
Acreage | No |
LandAmenities | Highway, Public Transit |
SizeDepth | 212 Ft |
SizeFrontage | 50 Ft |
SizeIrregular | Unit=50 X 212 Ft |
SizeTotalText | Unit=50 X 212 Ft |
ZoningDescription | C3 Service Commercia |
https://www.realtor.ca/real-estate/28894545/5775-highway-7-e-markham-bullock-bullock
Latif Merali
Salesperson