L9T Drug Stores for Sale

Commercial Real Estate in L9T available for sale

Retail Spaces for Sale Within of L9T

50 Steeles Ave E

Milton, ON L9T 4X1

Industrial for Sale
$999,999 CAD
28,299 SF

Milton Industrial for Sale - Outlying Halton

Attention Brokers: Strong Milton Investment Opportunity with Stable Income and Rental Upside Bring your investor clients to explore this well-positioned income-producing property, offered at $999,999. The property currently generates approximately $3,800 per month in net operating income, representing an estimated 4.56% cap rate based on the current income. The real value lies in the opportunity for future income growth. The property is currently leased to a stable tenant who has occupied the premises for more than five years, providing an established rental history and dependable cash flow. The current rent is believed to be below market, creating an opportunity for a purchaser to gradually increase rental income over time, subject to the existing lease terms and applicable regulations. As the net operating income increases, there is potential for both an improved cap rate and increased property value. Investment Highlights: • Stable tenant with more than five years of occupancy • Approximately $45,600 in annual net operating income • Current estimated cap rate of 4.56% • Below-market rent with future rental upside • Opportunity to increase income and strengthen long-term property value • Attractive Milton location with continued growth and demand This is an excellent opportunity for an investor seeking immediate income, tenant stability and long-term appreciation potential. Brokers are encouraged to bring their qualified clients and explore the upside this property offers.