212 Cumberland Street N, Thunder Bay, ON P7A 4N1
Thunder Bay, ON P7A 4N1
About this property
single-tenant triple-net(NNN) commercial investment property leased to corporate tenant Brewers Retail Inc. (operating as The Beer Store) through December 2030 generating a fixed yearly net rent of $109,215. Because it is a triple-net lease, you have minimal day-to-day management responsibilities or operational cost fluctuations. Tenant directly handles property taxes, building utilities, and maintenance like snow removal, etc. Tenant also pay the insurance. Strong Covenant: Brewers Retail Inc. is a major corporate entity backed by large national/international brewing conglomerates, offering high financial stability compared to a small local business. The tenant directly handling snow plowing, property taxes, utilities and insurance eliminates the risk of inflation eroding your net income. Zoning: Service Commercial, offering high traffic exposure. Bus service, cable, garbage pickup, High speed internet, hydro, Natural gas, Streetlights, Telephone, Air conditioning, Loading dock, Overhead door, large parking area, paved yard, Store front, Wheel chairs access.
Property facts & features
- Property type
- Commercial Retail
- MLS® number
- X13864336
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- 1
- Reported interior area
- 4854
- Neighbourhood
- Not provided
- Postal code
- P7A 4N1
- Garage
- None
- Lot depth (source units)
- 124
- Annual property tax
- 14331.06
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $1,670,000
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Explore active properties in Thunder Bay →Listing brokerage: RE/MAX REALTY SERVICES INC.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13864336. Information deemed reliable but not guaranteed.