43 - 1388 DON MILLS ROAD

Toronto, Ontario, M3B0A7, Canada

$799,000

*Only sold together with the adjoining Unit at 1388 Don Mills Rd Unit 43 (MLS# C8443996)* This owner-occupied retail property is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. Base case rent at the current list price would generate a capitalization rate of 5%! Ample parking with consistent foot traffic from the LA fitness across the street. Minutes away from 401 and Don Valley Parkway On/Off Ramp, Shops at Don Mills and Don Mills TTC Station. In the heart of the prestigious Banbury Don Mills neighbourhood where the average annual household income is over $160,000. Floor plans available upon request.

Last updated on : Friday 14th of June 2024 07:30:41 PM

ADDRESS

Street : 43 - 1388 DON MILLS ROAD

City : Toronto

Province : Ontario

Country : Canada

Postal Code : M3B0A7

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PROPERTY SUMMARY

Property ID : C8444056

Building Type : Retail

Property Type : Retail

Bathrooms : 1

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