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X4636573
$3,200,000

364 Second Line W (Korah Road & Second Line West)

Price: $3,200,000

Status: For Sale 

MLS®#: X4636573

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Calculator $3,200,000
  • Tax: $102,564/Annual (2019)
  • City:Sault Ste Marie
  • Type:Commercial
  • Style:Commercial/Retail
  • Bath:2
  • Size: 59,148 Sq Ft
  • Age:6-15 Years Old

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsMunicipal

Listing Contracted With: RE/MAX REALTY SERVICES INC., BROKERAGE

Description

*** Prime Investment Out-Of-Town Opportunity *** Free Standing Building On 1.35 Acres. 10,330 Square Feet Building. *** Excellent*** Triple Net Lease By Shopper's Drug Mart ***$17.00 Per.Sq.Ft. Net, Net, Net.{{{$176,000 Annually}}} Shopper's Drug Mart Already Settled In Here For Over 13 Years, They Have 6.5 More Years To Go, Plus Renewal Options After That.


Highlights

Excellent Triple Net Lease, Solid Tenant, Already Settled Here For Almost 14 Yrs. And Did Early Renewal For An Additional 5 Yrs @ $176,000.00 Annually. Tenant Pays, Property Tax, Utilities, And Maintain The Subject Fromparking To Roof.

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’

Neil Mcintyre

Real Estate Professional

RE/MAX Realty Services Inc., Brokerage

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