5775 Highway 7 N/A E

LocationBullock, L3P 1A5
$2.95M For Sale
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Description

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.

Features

  • Business Type
    Category:
  • Commercial Total Area
    Total Area: 1,800 sqft
  • Commercial Retail Area
    Retail Area: 1,800 sqft
  • Commercial Parking Types
    Parking Types: Outside/Surface
  • Commercial Voltage
    Electric Voltage: 600

Details

  • Commercial Zoning
    Zoning: Commercial Service
  • Tax Amount
    Tax: $ 21,002
  • Alcohol Allowed
    Alcohol Allowed: N
  • Commercial Features
    Features: Major Highway, Public Transit
  • MLS
    N12418230
  • Listing contracted with: HOMELIFE/BAYVIEW REALTY INC.

Transit Accessibility

Markham Go Train Station (1.3km)

Location