MAIN FLR - 1572 QUEEN STREET E

About this property

Excellent opportunity to acquire a well-established convenience store operating in a high-traffic Queen & Coxwell location for over 35 years. This turnkey business generates strong sales, offering a solid profit margin with simple day-to-day operations that a single owner-operator can manage. Attractive lease terms with low occupancy costs of approximately $3,600/month, including rent and TMI, plus a long-term lease structure of 5 years with a 5-year renewal option. The current pending lease is approximately 2.5 years with a renewal option for an additional 5 years. Strategically positioned on a prominent corner lot with excellent exposure and a new move-in-ready condominium development directly across the street, creating significant future growth potential. The "History" music venue is a short walk away, offering huge potential to increase foot traffic. The business offers further upside through extended operating hours and expanded product offerings. The premises include a basement for additional storage and one dedicated parking space. Flexible layout allows for conversion to a variety of retail or service-oriented uses, making it suitable for investors, entrepreneurs, or owner-operators seeking a prime location with strong future prospects. (id:66779)