Seller financing available: 25% down payment, 30-year amortization, bank interest rate.Commercial building with strong potential on Boulevard des Chenaux in Trois-Rivières. Built in 1978, it comprises seven commercial units and four apartments, generating over $192,528 in potential annual income. The wooded land at the back offers development opportunities. Triple net commercial leases ensure controlled expenses. Ideal for investors seeking measured returns in a thriving residential neighborhood.
Investment Opportunity: Shopping Center in Trois-Rivières with Development PotentialThis unique opportunity offers you the chance to acquire a shopping center in Trois-Rivières. The center is almost fully leased, comprising 7 commercial units and 4 residential apartments, offering a potential income of $192,528 per year.The center is strategically located on Boulevard des Chenaux, near a rapidly developing residential area. Additionally, the wooded area of approximately 26,000 square feet behind the shopping center opens up new development opportunities that could further increase the property's potential income.Furthermore, all commercial leases are triple net, meaning that tenants are responsible for operating expenses, thus minimizing costs for the owner. The owner's only expenses are for the residential units.Finally, the petroleum equipment at the gas station was recently replaced in 2019, ensuring the quality of the infrastructure.Don't miss out on this ideally located investment opportunity with interesting development potential. Contact us for more information.
here are the expenses for the Trois-Rivières shopping center. It should be noted that the convenience store pays 24.31% of the expenses. The rotisserie pays 17.56% of the expenses. So, the owner pays a total of $37,967.53 in total fees.
-Snow removal: $7,748
- Waste containers: $5,963.64
- Recycling containers: $900
- Parking lighting: $2,801.92
- Insurance: $13,049
- Municipal taxes: $33,748.52
- School taxes: $1,103.80
Total: $65,314.86
We currently have tenants for both vacant spaces, so we will achieve a total annual income of $192,528 minus the $37,967.53, which will give us a net income of $154,560.47. Thank you!