4.75% Cap Rate Leased Commercial Investment Property - Brampton
Better/safer/stress free investment property as compared. Cap rate based on average with 5 year lease including annual increments. 5 year lease just renewed with another 5 year option.
Investor's delight! No involvement investment property located in a busy newer Upscale Plaza fronting onto a very busy Hurontario St at major intersection with Steeles Ave. Next to upcoming Light Rail Transit (LRT). All outside maintenance is done by condo corp and inside responsibility of the tenant. Just collect rent.
Leased to a successful takeout type Asian restaurant. Quality high end leasehold improvements. Overground and secured underground parking.
SELLING PROPERTY ONLY. MUST ASSUME CURRENT TENANT. Small VTB may be possible for qualified buyer.
Do not go direct. Do not speak to the tenant or their employees.
Do not solicit for listing.