560 Exmouth St, Sarnia, N7T 5P5

Listing Overview

Description

Northgate Plaza East is a wonderfully located, fully leased 47 year old plaza. It comprises 27,400 of gross floor area with 16,065 SF of retail on the main floor and 8,812 SF of office space on the second floor. Retail tenants include: The Bank of Nova Scotia, Giant Tiger, Northgate Pharmacy, and Johny Trump's restaurant. Some of the second floor tenants have been in this location for over thirty years. There is a small existing first mortgage that may be increased and blended with bank approval. There is a large parking lot that is owned by the abutting property owner. This plaza enjoys excellent visibility and accessibility. Recent area developments include a new Shopper's Drugmart and the new offices of the Canadian Coastguard. The income and expenses shown are projections. The actual net income for 2010 was $219,604.00. The Seller has made some significant upgrades to the property over the past 5 years.

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On Market

Land

Property Type

$80,100 / Year

Est. Taxes

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Style

Mall

Business Type

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Franchise