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W4840269
$3,395,000

6700 Montevideo Rd (Derry Road/Montevideo Road)

Price: $3,395,000

Status: Sale Pending 

MLS®#: W4840269

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$3,395,000
  • Tax: $28,893.36/Annual (2019)
  • Community:Meadowvale
  • City:Mississauga
  • Type:Commercial
  • Style:Commercial/Retail
  • Size: 36,942 Sq Ft
  • Garage:Plaza
  • Age:31-50 Years Old

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsSan+Storm, Municipal

Listing Contracted With: ROYAL LEPAGE MEADOWTOWNE REALTY, BROKERAGE

Description

Rarely Offered For Sale, 6 Unit Retail Plaza Located In A Busy Neighbourhood In Meadowvale. Property Is On A 0.85 Acre Lot, Zoning Is C1 Commercial Retail. All 6 Units On Long Term Leases And All Have Separately Metered Utilities. Plaza Has Approx 35 Parking Spots, Monitored By 24 Hour Cctv Security System. Estimated Cap Rate Is 3.77% This Year 3.99% Next Year. Brand New Completely Repaved Parking Lot Just Finished


Highlights

Tenants Are Guardian Pharmacy, Physiotherapy Clinic, Hair Salon, Greek Restaurant, Kabob Restaurant And Convenience Store. 5/6 Tenants Under New Leases. Gross Income Approx $177K ('20) & 185K ('21), Noi Approx $128K( '20) & $135K ('21).

Want to learn more about 6700 Montevideo Rd (Derry Road/Montevideo Road)?

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Scott Brubacher

Broker

Royal LePage Meadowtowne Realty Inc, Brokerage

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