233 King St

RARE OPPORTUNITY! Commercial investors dream in the historic old town Niagara-on-the-lake, with only one single AAA tenant, the current owner intends to stay multiple terms. Seller Lease back. 5% CAP RATE WITH TRIPLE NET LEASE (Tenant pays $90,000 annual base rent, plus property taxes, plus common element fee, plus utilities) This beautiful retail space sits on the main street of Niagara-on-the-lake and is surrounded by many busy / successful businesses. $350,000 in leasehold improvements. Great ROI with a very stable long-term tenant, in an area with substantial growth potential.