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5775 Highway 7 E
$2,950,000 Sale
Listed 6 hours ago
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Key Facts
Key facts for 5775 Highway 7 E
Property Type
Commercial
Parking
Outside/Surface
MLS #
N12418230
Size
-
Basement
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Listed on
2025-09-22
Lot size
50 x 212.0
Tax
$21,002.37 /yr
Days on Market
0
Approximate Age
-
Maintenance Fee
-
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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Courtesy of: HOMELIFE/BAYVIEW REALTY INC.