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X4636573
$3,200,000

364 Second Line W (Korah Road & Second Line West)

Price: $3,200,000

Status: For Sale 

MLS®#: X4636573

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Calculator $3,200,000
  • Tax: $102,564/Annual (2019)
  • City:Sault Ste Marie
  • Type:Commercial
  • Style:Commercial/Retail
  • Bath:2
  • Size: 59,148 Sq Ft
  • Age:6-15 Years Old

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsMunicipal

Listing Contracted With: RE/MAX REALTY SERVICES INC., BROKERAGE

Description

*** Prime Investment Out-Of-Town Opportunity *** Free Standing Building On 1.35 Acres. 10,330 Square Feet Building. *** Excellent*** Triple Net Lease By Shopper's Drug Mart ***$17.00 Per.Sq.Ft. Net, Net, Net.{{{$176,000 Annually}}} Shopper's Drug Mart Already Settled In Here For Over 13 Years, They Have 6.5 More Years To Go, Plus Renewal Options After That. Bank Will Lend $2,200,000 @ 3.99% Interest Rate


Highlights

*** Excellent Triple Net Lease *** Solid Tenant, Already Settled Here For Over 13 Years And Did Early Renewal For An Additional 5 Yrs @ $176,000.00 Annually. Tenant Pays, Taxes, Maintenance, Utilities, And Major Wear Tear Repairs.

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’

Ruby Thambiah

Sales Representative

RE/MAX Realty Services Inc., Brokerage

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