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For Sale

212 Cumberland Street N, Thunder Bay, ON P7A 4N1

$1,670,000

  • 1 Bathrooms
  • Commercial Retail
  • MLS® X13864336

Listing Brokerage: RE/MAX REALTY SERVICES INC.

Description

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 details

MLS® number
X13864336
Transaction
For Sale
Property type
Commercial
Style / use
Commercial Retail
Community
Court / Cumberland
City
Thunder Bay
Bathrooms
1
Building area
4854 Square Feet
Lot width
210 Feet
Lot depth
124 Feet
Heating
Gas Forced Air Open
Cooling
Yes
Garage
None
Taxes
$14,331.06
Tax year
2025
Business type
Retail Store Related
Retail area
4854
Listing brokerage
RE/MAX REALTY SERVICES INC.

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