Listing courtesy of REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE.
NET OPERATING INCOME $79,420 GENERATING A 9.0% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense will be installing an artificial grass surface and playground structures throughout the playground area in the Spring at their projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant all through the pandemic was always able to meet their financial lease obligations and continue to do so. (id:5764)