5775 Highway 7 E, Markham, L3P 1A5

Listing Overview

Description

Free-standing investment property with prime exposure on Highway 7. Former Tom's Burgers with many permitted uses. 1,800 sf main floor plus 1,500 sf basement. Clean environmental done in 2020. Currently leased to a top brand franchise. Tenant willing to stay or will consider selling the business if purchaser wants vacant possession. Current lease until June 2032 with escalations, with two - 5 year options to renew with strong franchise covenants. New roof shingles, downspouts, all new electrical, and main floor flooring installed in 2022.

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On Market

Commercial/Retail

Property Type

$21,002 / Year

Est. Taxes

Retail

Style

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Business Type

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Franchise