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$3,750,000
Available - For Sale
Listing ID: X13617004
An Exceptional Investment Opportunity in the Heart of Thunder Bay's Thriving Commercial Corridor Presenting a premier, institutional-quality income property located in one of Thunder Bay's fastest-growing commercial hubs. This distinguished asset is anchored by an outstanding roster of nationally recognized AAA tenants, including Wellwise, a grocery, and Reliance, ensuring exceptional stability income security. Designed to deliver consistent, hassle-free returns, the property features Triple Net (NNN) leases, significantly minimizing landlord responsibilities while generating reliable cash flow. Offering an attractive cap rate of approximately 7%, this is a rare opportunity to acquire a high-performing commercial asset with immediate income and outstanding long-term appreciation potential. Whether you're expanding an established real estate portfolio or seeking a premier, recession-resilient investment, this trophy asset represents the ideal combination of quality, stability, and growth.
Price $3,750,000
Taxes: $96,830.33
Tax Type: Annual
Assessment Year: 2025
Monthly Condo Fee: $0
Occupancy by: Tenant
Address: 285 Memorial Avenue , Thunder Bay, P7B 6H4, Thunder Bay
Postal Code: P7B 6H4
Province/State: Thunder Bay
Directions/Cross Streets: MEMORIAL Ave & JOHN St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Service
Use: Retail Store Related
Building Percentage: T
Total Area: 1.26
Total Area Code:  Acres
Retail Area Code: %
Financial Statement: F
Chattels: F
Franchise: F
Days Open: O
Employees #: 0
Seats: 0
Maintenance: 0
Sprinklers: Yes
Rail: N
Truck Level Shipping Doors #: 0
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 1
Grade Level Shipping Doors #: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTRON REALTY INC.

285 Memorial Avenue , Thunder Bay, P7B 6H4, Thunder Bay

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Commercial Retail
Area: Thunder Bay
Municipality: Thunder Bay
Neighbourhood: Court / Cumberland
Style:
Lot Size: x 164.04(Feet)
Approximate Age:
Tax: $96,830.33
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949