Property Information:
Corner lot and commercial building for sale with a Triple AAA tenant "Shell" gas station. Sitting on 34,129 SF of land, located in Salaberry-de-Valleyfield on the corner boulevard Monseigneur-Langlois and avenue Grande-Ile. Shell Gas Station; has been operational since 2018. The gas station has a 15-year lease, with 5 year renewal options. The tenant covers taxes and insurance, while other expenses are billed directly, inclusive of tax and insurance recovery, making it a secure and lucrative investment with a reputable tenant.
Corner lot and commercial building for sale with a Triple AAA tenant "Shell" gas station. Sitting on 34,129 SF of land, located in Salaberry-de-Valleyfield on the corner boulevard Monseigneur-Langlois and avenue Grande-Ile.
** Tenant Status: Triple AAA tenant secured on a 15-year lease with a 5% rent increase every 5 years.
** The lease includes 5 renewal options, each for 5 years, with a 5% increase at the start of each renewal.
** Financial Arrangement: Tenant covers city and school taxes, along with insurance; all other maintenance and contract expenses (e.g., snow removal, landscaping) are directly billed to the tenant.
Expenses Breakdown:
* Municipal Tax: $43,323
* School Tax: $2,038.68
* Insurance: $7,749.90
* Yearly Net Income: $212,100.00
** Environmental reports indicate Phase II actions were undertaken by previous owners in 2015.
** The tenant is billed directly for all other expenses.
Starting February 2024, the total net revenue will be $212,100.00 annually, + the recovery of aforementioned expenses.
Inclusions: All property chattels.
Building Features:
-
Style:
Detached
-
Lot:
Corner Lot
-
Water Supply:
Municipality
-
Sewage System:
Municipality
