Building with 25 year Business (Deals for Dollars) for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30822616
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Parking Facility, Street Retail, Other
Building Size (RSF): 4,185 SF
Gross Building Area: See Agent
Gross Land Area: 12,000 - 12,760 SF
Sale Price: $799,999
Unit Price: $191.16 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Pine Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 3/6/2023

Overview / Comments

Looking to expand your business portfolio? This opportunity is sure to excite! The building (Pine Plaza) and business (Deal for Dollars) are for sale. The business is a dollar store that has been around in Pine Falls for 25 years! Located perfectly off the main strip, close to many other amenities with lots of traffic. The building is a strip mall and includes four CRUs. Three units occupied, one free. Building has many upgrades including new exterior, new eavestroughs, updated CRUs throughout, new cladding on windows, new shingles, exterior paving stones and fence. Building also has a large basement for storage with conveyor belt for loading stock from the back door. All units have their own washrooms. Plenty of parking with 15 spots or more. Four Staff parking spots in the rear. Photos are of exterior of building, the empty unit and the dollar store. Inventory and all shelving included in sale.

Current Tenants

Tenant Business Name Deals For Dollars
Industry Type Retail Trade
Is Renting? Yes
Suite Number A
SF of Space Occupied 1,800 SF
Current Rent $12 PSF (Annual)
Tenant Business Name Phillips Massage & Holistic Therapies
Is Renting? Yes
Suite Number B
SF of Space Occupied 500 SF
Current Rent $12 PSF (Annual)
Tenant Business Name Essential Cannabis
Is Renting? Yes
Suite Number C
SF of Space Occupied 500 SF
Current Rent $12 PSF (Annual)
Tenant Business Name EMPTY SPACE
Is Renting? Yes
Suite Number D
SF of Space Occupied 1,385 SF
Current Rent $12 PSF (Annual)

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: R28
Taxing Authority: Town of Powerview - Pine Falls
Tax ID/APN: 301410.000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Pine Street (Highway 11)
Feet of Frontage: 116
Highway Access: Access directly to Pine Street (Highway 11).
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: HardiePlank Siding, Stucco, Wood Frame
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard, Wall Units, Ceiling Units
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 116
Lot Depth: 110
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 1 - Plan 27336

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