Location! Location! Location! Busiest intersection in the growing Town of Strathroy. Fantastic opportunity to own property & business. Perfect as a family-run business, new immigrants or add this flagship gem to your portfolio. Put down a 25% deposit and take advantage of the interest only VTB of 75% @ 5.25% for 2 years. Currently under absentee ownership. Manager runs site. Ultramar Gas, ON the RUN store & Mr. Sub franchise. Newly re-opened site, New Fuel/brand contract. New Lotto. New ATM. New back office system. New Smart-Safe. Development completed July 2023. 1.5 HRS from GTA. Open 24 Hours. Built as new in 2018/2019, with new double tanks & piping, new dispensers, Veederoot (monitoring system). Clean Phase II environmental report, completed in June 2021. Pre-pandemic (2019) fuel sales of 4.1 M litres of diesel and gas sales, currently 2.5 M litres. Pre-pandemic (2019) store sales of $1.5 M, currently $700K - Mr. Sub sales $300K per annum. Options for the new owner: Convert the office back into an apartment, Get ready for beer sales by converting the area beside counter into a Cold Vault. Add apartments above existing building.
Extras
Buyer to assume Mr. Sub franchise as part of the sale. Buyer to purchase store inventory. Additional information available upon signing confidentiality agreement. Buyer to assume on site equipment leases, if any.
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Bathrooms
1
Lot
98 x 102 ft
Lot Irregularities
66X17X56X90X54X98X102
Retail Area
2,635 ft2
Total Area
0.32 acres
Approximate Age
31-50
Elevator
None
Air Conditioning
Y
Basement
N
Garage Type
None
Parking Spaces
8
Days Open
7
Hours Open
24
LLBO
N
Employees
12
Heat Type
Gas Forced Air Closd
Outside Storage
N
Area Influences
Major Highway, Public Transit
Soil Test
Y
Sewers
San+Storm Avail
Utilities
Y
Water
Municipal
UFFI
No
Clear Height
9 feet
Rail
N
Lot/Bldg/Unit Code
Lot
Zoning
C1, COMMERCIAL
Seller Property Info Statement
N
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