7777 Weston Rd - Retail CONDO FOR SALE


Vaughan, ON L4L 0G9- Richmond Hill/Vaughan/King
$75,000 CAD
905-764-7111
7777 Weston Rd, Vaughan, ON for Sale
$75,000 CAD
Retail CONDO - FOR SALE
1/22
null | Request Cap Rate

7777 Weston Rd
Vaughan, ON L4L 0G9
Richmond Hill/Vaughan/King


HIGHLIGHTS

  • High end retailers in the area
  • Modern design
  • Solid anchor tenants

OVERVIEW

Fantastic opportunity to take over a Kungfu Tea franchise in Vaughan, located in the Centro Square Mall with store fronting Hwy 7. This prime location benefits from dense foot traffic from residents and office workers living/working in this multi-use complex with 2 condo buildings, a retail mall and an office building attached. Kungfu Tea (Weston/Hwy 7) has achieved remarkable profits since its launch in 2021. This busy tea shop with a base of loyal customers benefits from the global reputation and support of the internationally renowned Kungfu Tea franchise. With a proven business model and strong brand recognition, sales remain consistent through both walk in and online orders regardless of season. Investing in Kungfu Tea (Weston/Hwy 7) is buying a fully operational business without paying the initial Franchise fee, renovation cost, and all the equipments and materials needed to startup the business. Franchisor paid an initial setup cost over $230k. This sq ft unit has a modern interior, a washroom and comfortable table/sitting area. Mall provides 3 hr free customer parking. 5 yr lease ends on Dec 31, 2026 with a 5 yr renewal option. 2025 monthly net rent $4034.33 + TMI and CAM $2328.38. Full training and support will be provided by the franchisor. This complete turn-key operation is an opportunity you don't want to miss. You can also turn it into other brand of cafe/fast food/restaurant if you wish. (41242134)

FOR SALE DETAILS

PRICE

$75,000 CAD

PRICE/SF

$59 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Shops at Centro Square

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

297,142 SF

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

800

LAND DETAILS

LAND ACRES

4.84 AC

LAND SF

210,830 SF

ZONING

C9

APN/PARCEL ID

192800023037212,192800023037293,192800023037295,192800023037296,192800023037297,192800023037320,192800023037321,192800023037322,192800023037323,192800023037358,192800023037376,192800023037395

ASK ABOUT THIS PROPERTY

Evelyn WongCentury 21 Heritage Group Ltd.More Info
905-764-7111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Evelyn WongCentury 21 Heritage Group Ltd.More Info
905-764-7111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.