36-38 King Street Brussels, Ontario N0G 1H0
$2,195,000
Very attractive Retail Investment offering in the Charming town of Brussels Ontario. The plaza comprises of two National tenants, Foodland & CIBC. Lease details are as follows: Foodland/Sobeys - 9615 sq.ft, annual Net rent $68,458.80 (under market value). They Just renewed their lease for another 5 years with continual options of 5 years till 2038. CIBC - 3174 sq.ft. annual Net rent $49,990.50, their lease was renewed in 2021 till 2026 with continual renewal options of 5 years. Plenty of on-site and street parking. 30 min drive to Lake Huron (Goderich), 18 mins to Seaforth, 60 mins to Kitchener, 75 mins to London, 54 mins to Grand Bend. CAM charges $29,800 for 2022. Property tax $20,952 for 2022. Lots of upside to this stable plaza. New roof over CIBC in 2022. The reconciliation is done once a year to recover CAM & Tax expenses. (id:19173)
Business
| Name | FOODLAND & CIBC |
Property Details
| MLS® Number | 40429084 |
| Property Type | Other |
| Amenities Near By | Beach, Golf Nearby, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Corner Site, Golf Course/parkland, Beach |
| Sign Type | Signband |
Building
| Basement Type | None |
| Construction Material | Concrete Block, Concrete Walls |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Concrete, Metal |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Exterior | 12789.0000 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Beach, Golf Nearby, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 266 Ft |
| Size Irregular | 0.77 |
| Size Total | 0.77 Ac|1/2 - 1.99 Acres |
| Size Total Text | 0.77 Ac|1/2 - 1.99 Acres |
| Zoning Description | C4 |
Utilities
| Natural Gas | Available |
https://www.realtor.ca/real-estate/25653296/36-38-king-street-brussels
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June 14 2023 11:39:52
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty