Gateway Market Convenience Store For Sale - 1600 Hyde Park Rd, London, ON

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Gateway Market Convenience Store For Sale - 1600 Hyde Park Rd, London, ON

For Lease $ 240,000
LOCATION: London Ontario Canada
CATEGORY: Business For Sale
INDUSTRY: Convenience Stores & Lotto Businesses For Sale | Retail Businesses for Sale | Smoke & Vape Shops for Sale
LISTING TYPE: Convenience Stores for Sale | Smoke Shops for Sale | Smoke Shops for Sale | Smoke Shops for Sale | Variety Stores for Sale

The new building at 1600 Hyde Park, will be completed in Q1-Q2 2024. It offers 140 apartments and commercial units with high ceilings. Exclusive access is granted, and 10 units are already leased to professional offices and restaurants. Situated in a thriving retail/office area in northwest London, stay tuned for a second building with 148 more units in the future.

Prime location on Hyde Park Road and Gainsborough Road.

Size: 1133 sq. ft. approximately

Type: Condo Building

Term: 5 Years with 5 Year Option

Royalty: 3.5% of Tobacco, General Merchandise, and Food, 10% of Lottery Commissions

Franchise Fee: $30K+HST

Monthly Rent: $4,201.54/mo +HST, including TMI, excluding Utilities

$175,000 - 240,000

*Construction & Equipment estimate varies by size & space condition

*Inventory estimate $15,000 – 35,000; varies by store size and categories