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$ 150,000
Est. payment | /mo
1 Bath
1,150 SqFt
$ 150,000
Est. payment | /mo
1 Bath
1,150 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $130
Subdivision North I
MLS® Listing ID X12482602
Source London and St. Thomas Association of REALTORS®
Property Description
Mall Retail Business For Sale. Ellen's Childrens Shoes - 'Perfectly Fit by Ellen'. An Established & Successful Children's Footwear Store. Attention Entrepreneurs, here's a chance to take over a thriving footwear business with a proven 33-year track record of success. Located in the high-traffic Sherwood Forest Mall, London, Ontario. Surrounded by multiple AAA Retailers anchoring this Mall, PERFECTLY FIT by ELLEN, offers easy access and steady daily foot traffic for families and frequent shoppers. Retail Draws Include: GoodLife Fitness(4000 members), Food Basics, Shoppers Drug Mart, Dollarama, Bernie's Restaurant, Tim Hortons, Subway, Pizza Pizza, Burger King, Pet Value, and Petro Canada with a McDonalds restaurant. The area directly surrounding the mall is bustling with additional traffic and opportunity with: TD Bank, Sir Frederick Banting school (1,600 students), Medway Community Centre (featuring ice pads), the Canada Games Aquatic Centre(public swimming pools), and a University of Western student residence (600 students). Total Space = 1,150sqft. Store Features: Large open concept retail area, Large storage area with shelving, Private 2pc bathroom, Kitchenette, and Office. This turnkey operation is perfect for an owner-operator or investor. Seller (Ellen) is open to staying on during transition, to ensure your continued success. Existing Lease Term - 5yrs ending 2029, with 5yr optional extension. Rent is $18.90/sqft + cam & taxes, estimated total = $3,860.87/month in 2025. Gradual increases from 2026-2029 up to $21.50/persqft in Year 5. Sale of the Business is plus the Cost of Inventory at Completion Date and Includes: Existing Lease, Business Name and Facebook Business Page with 5,500 followers, and over 3 decades of continued success to a loyal and always growing customer base. Take advantage of this rare opportunity to own a recession resistant, community-trusted retail business, in one of London's busiest retail hubs. Inquire today to learn more. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Virtual Tour https://videotour.ai/view-video/1761306994646x626400188312322000
Listed by THE REALTY FIRM INC.
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