19 MOORE STREET

Carleton Place, ONK7C 2R4

SELLER LEASEBACK INVESTMENT OPPORTUNITY - 19 MOORE STREET, CARLETON PLACE! An opportunity to acquire a modern, purpose-built commercial property with a proposed long-term Triple Net (NNN) leaseback to the existing brewery operator. Constructed in 2018, this freestanding commercial building offers approximately 3,238 SF of total space, including a 2,500 SF main level and additional mezzanine space. The property is currently occupied by BRAUMEISTER, an established craft brewery and taproom business. The seller is prepared to enter into a proposed 10-year NNN leaseback at an initial base rental rate of $28.00 per square foot, generating $90,664 in potential annual base rental income. Under the contemplated NNN structure, the tenant would be responsible for property operating expenses in accordance with the final lease terms. Located near the intersection of Moore Street and Lake Avenue West, in proximity to downtown Carleton Place, the property offers convenient access, nine on-site parking spaces, and a building designed to accommodate its existing brewery and taproom operations. An appealing opportunity for investors seeking income-producing commercial real estate with a potential long-term tenant, scheduled rental growth, and ownership of a relatively modern freestanding building. Sale of the real estate only; the operating brewery business is not included. The proposed leaseback is subject to execution of a mutually acceptable lease agreement. Financial information and lease details are available to qualified purchasers. (id:31684)

Listing courtesy of: Jack Uppal of ROYAL LEPAGE TEAM REALTY

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