10 361 King Street E, Clarington
- Bathrooms: 1
- Living area: 1100 square feet
- Type: Commercial
- Added: 17 days ago
- Updated: 15 days ago
- Last Checked: 15 days ago
Convenience Store located in a busy commercial plaza with Tim Hortons as one of the main tenants. The business has been in the family for over 10 years. It was previously ran by the current owners father. The vendor is prepared to spent a time training the new owner. The vendor will allow any prospective purchaser spend a few days working in the business to assess the daily traffic and business being done. It is unit 10 in the plaza and is 1100 square feet. The Net Rent is $23.00 per square foot = $2384.00 the current TMI is $17.5 per square foot =$1604.23. Net plus TMI = $3988.23 plus HST $518.47 = $4506.70 total rent per month. The current leas expires April 30th 2025. The landlord is open to negotiate a 5 year lease for the new buyer. Gross average sales of Cigarettes is $50K per month and for all other items the average monthly Gross is $25K. Current hours are 9am to 9pm Sunday to Thursday and 9am to 10 pm Friday and Saturday. Hours could be increased to 24 hours.
Property Details
- Cooling: Fully air conditioned
- Heating: Forced air, Natural gas
Interior Features
- Appliances: Freezer
- Living Area: 1100
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Dimensions: Unit=25 x 44 FT
Location & Community
- Directions: King/Massey Drive
- Street Dir Suffix: East
Business & Leasing Information
- Business Type: Retail and Wholesale
Tax & Legal Information
- Tax Annual Amount: 14.4
- Zoning Description: C4-21
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