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35 Route De Lens, Sainte-Catherine 1,798 SF Retail Building 62223 Sainte-Catherine $268,015 ($149.10/SF)
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INVESTMENT HIGHLIGHTS
- A dynamic and booming neighborhood
- Storage space
- Local equipped for catering with extraction
EXECUTIVE SUMMARY
Sale of the occupied walls of a restaurant in Sainte-Catherine (62)
This commercial property offers 167 m² of surface area divided between 120 m² on the ground floor (dining room and kitchen) and 47 m² upstairs (storage and offices). It has a facade length of 4 meters and is equipped with a 400 mm extraction duct that complies with ventilation standards.
Currently occupied by a well-established restaurant brand, this premises is operated under a 3/6/9 commercial lease in force since February 15, 2024. The rent, indexed to the commercial rent index (ILC), ensures a regular adjustment to inflation. The tenant takes care of 73% of the property tax as well as routine maintenance, guaranteeing a good level of profitability.
This property has a gross rental yield of 8.78%, with a competitive rent and a rental guarantee of one month (1,700€). No major renovations are expected in the short term.
The district, which is in full development, benefits from a high number of visitors thanks to the proximity of schools and sports complexes. Local competition in fast food restaurants remains limited, offering attractive potential for the sustainability of the tenant.
This commercial property offers 167 m² of surface area divided between 120 m² on the ground floor (dining room and kitchen) and 47 m² upstairs (storage and offices). It has a facade length of 4 meters and is equipped with a 400 mm extraction duct that complies with ventilation standards.
Currently occupied by a well-established restaurant brand, this premises is operated under a 3/6/9 commercial lease in force since February 15, 2024. The rent, indexed to the commercial rent index (ILC), ensures a regular adjustment to inflation. The tenant takes care of 73% of the property tax as well as routine maintenance, guaranteeing a good level of profitability.
This property has a gross rental yield of 8.78%, with a competitive rent and a rental guarantee of one month (1,700€). No major renovations are expected in the short term.
The district, which is in full development, benefits from a high number of visitors thanks to the proximity of schools and sports complexes. Local competition in fast food restaurants remains limited, offering attractive potential for the sustainability of the tenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,798 SF
Building Class
C
Year Built
1950
Price
$268,015
Price Per SF
$149.10
Tenancy
Single
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.03 AC
Frontage
15’ on Route de Lens
AMENITIES
- Restaurant
- Storage Space
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NEARBY MAJOR RETAILERS
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35 Route De Lens, Sainte-Catherine
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