3023 CEDARVIEW ROAD UNIT#3$350,000

An established speciality Filipino grocery store located in a high-traffic retail plaza in Barrhaven. Popular and classic non-perishable products as well as frozen fish, meats, eggs, milk, desserts, spices and so much more. A truly one-stop grocery stop for your authentic Philippines experience. Great service and quality products have attracted a reliable and growing customer base. The store originally opened in 2020 and has been on steady financial growth, earning a quality reputation and repeat customers along the way. The retail premises is 1,825 SF and the lease was originally for a five-year term plus an additional option to renew for another five years. The renewal date is August 2025. The lease structure is triple-net with a current net rent of $21 psf plus $15.00 psf operating costs for a total of $6,186.75 per month including HST. Additional services include international money transfers and hot fresh food take-out scheduled for certain times of the year. (id:46641)