Retail Shopping Centre: Fully occupied by 5 tenants—Food Store, Gibbons Liquor Loft, Prime Pizza and Donair, Pit Stop Pub, and Lee’s Restaurant. Built-in Growth: Long-term leases in place featuring built-in rental escalations (e.g., Food Store increases to $11.00/SF; Prime Pizza has scheduled step-ups in Years 3 and 5). Bonus: Two Businesses with extra income:Pit Stop Pub: Beyond standard property rental income, the asset includes the operations of the owner-operated Pit Stop Pub: Robust VLT Income: Delivers $7,500+/month in gaming commissions ($90.4k in FY25)Liquor Loft: also owned by the plaza owner. It delivers $914k 3-yr avg gross sales ($147k avg margin), plus massive upside by cutting $178k+ in hired staff overhead. (id:51989)
Features of 49 Street & 50 Avenue T0a 1n0
- MLS® Number 45302174
- Price $1,800,000
- Square Footage: 12600 sqft
Buildings
| Size Interior | 12600 Sqft |
Land
| Acreage | No | Size Total | 0|unknown |
| Size Total Text | 0|unknown |
Agents and Offices
- Nicholas J. Golden
- Office: RE/MAX Professionals