Gateway Market Convenience Store For Sale - Westboro Connection Condo

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Gateway Market Convenience Store For Sale - Westboro Connection Condo - 1970 Scott St., Ottawa, ON

For Lease $ 250,000
LOCATION: Ottawa 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

Property Highlights:

• Part of a new development including 4-storey and 26-storey residential towers with a total of 336 units

• LEED Silver certified building

• Site is well positioned to capture pedestrian traffic from adjacent LRT station

The property is located in Westboro, a thriving community west of Ottawa’s Central Business District (CBD), with a population of 22,000 people. The area north along Scott Street has seen densification with many condo and residential properties alike, from single and 2-story buildings converting to towers exceeding more than 20 floors of residential apartments. The area is well serviced by buses and the newly renovated Westboro Station on Scott Street, with the upcoming extension of the Confederation Line LRT adding to the ease of access to this busy neighbourhood.

With 1.1 Million square feet of office space, there is plenty of traffic during the day as well for employees to take advantage of the surrounding neighbourhoods.

Terms:

•Timing: Immediate

•Size approx.: 911 sf (unit 300 A)

•Term: 5+5 yr renewal

•Monthly approx. rent: $4,318.14

Rent estimate includes TMI – Subject to Utilities and TAX

Investment Estimate:

•Construction: $145,000-$250,000

•Inventory: $15,000-$30,000

Construction, equipment & inventory cost varies by concept, space, & condition