Description
Price : $2,498,000.00 MLS® : N13025874 / 5775 Highway 7 N/A E, Markham, ON L3P 1A5
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.
Location Description
Hwy 7/Ovida
Property Details
- Community: Bullock
- Property Type: Vacant/Commercial
- Garages: Outside/Surface
- Annual Property Taxes : $ 21002.37
Buildig Features
- Parking Type : Outside/Surface
Features
- Heating : Gas Forced Air Closed
Media
Play VideoLand (Lot Features)
- Frontage: 50 sq.ft
- Land Depth: 212sq.ft
Listing Contracted With: HOMELIFE/BAYVIEW REALTY INC.