Property Information:
Location A1 ! Ideal commercial space for restaurant use, formerly known as Luna Pizza for over 45 years, and recently COQ-O-BEC. Prime location with a large lot offering ample parking and strong potential for various commercial uses. (Immovable land and building also for sale, see MLS 12079336). The restaurant on the main floor to be leased under a triple net (NNN) lease with annual CPI-based increases. Contact me for more information or to schedule a visit.
- COMMERCIAL LEASE CONDITIONS
1. **Landlord Approval**
* The lease shall be conditional upon the Landlord's approval of the prospective Tenant, including but not limited to a satisfactory credit check, financial verification, business references, and intended use of the premises.
2. **Credit Verification**
* All principals, shareholders, directors, guarantors, and/or individuals associated with the Tenant entity must undergo a credit and background verification process, satisfactory to the Landlord.
3. **Initial Payments**
* Upon execution of the lease, the Tenant shall remit:
* The first month's rent;
* The last month's rent; and
* A security deposit in an amount to be determined by the Landlord.
4. **Triple Net Lease (NNN)**
* This lease shall be structured as a Triple Net (NNN) lease. In addition to the base rent, the Tenant shall be responsible for its proportionate share of all operating expenses relating to the property, including but not limited to municipal and school taxes, building insurance, common area maintenance costs, utilities, snow removal, landscaping, repairs, and any other expenses associated with the operation, maintenance, and management of the property.
5. **Tenant Improvements and Fit-Up**
* Any alterations, leasehold improvements, renovations, permits, inspections, or fit-up work required for the Tenant's business operations shall be completed at the sole expense of the Tenant and subject to the Landlord's prior written approval.
6. **Equipment and Fixtures**
* Any equipment, fixtures, furnishings, machinery, or other assets currently located on the premises are not included in the lease and shall be purchased separately by the Tenant. The purchase price and terms shall be negotiated between the parties and documented in a separate agreement.
7. **Permits and Compliance**
* The Tenant shall be solely responsible for obtaining and maintaining all permits, licenses, certifications, and governmental approvals necessary for the operation of its business and shall comply with all applicable municipal, provincial, and federal regulations.
8. **As-Is Condition**
* The premises shall be accepted by the Tenant in its current "as-is" condition, except as otherwise agreed to in writing by the parties.
The sale is made without any legal warranty, at the buyer's own risk and peril.
Notwithstanding the foregoing, the Seller declares that, to the best of the Seller's knowledge, all restaurant equipment included in the sale is in good working condition and operational as of the date of signing of this Agreement.
Inclusions: None
Exclusions : Any equipment, furnishings, fixtures, machinery, or other items currently located on the premises are not included in the lease and shall be purchased separately by the Tenant. The purchase price and terms shall be negotiated and agreed upon between the Landlord and the Tenant.
Building Features:
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Style:
Business
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Building Area:
1080 Square Feet
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Business Operation Type:
Retail, Service
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Business Type:
Restaurant, Bakery, Auto parts, Beauty salon, Barber/Beauty, Butcher shop, Coffee/Donuts, Caterer, Convenience store, Daycare centre, Deli/Cheese shop, Driving school, Fast food, Florist, Florist/Nursery, Fruits and vegetables, Hairdresser, Hairdresser - Men's, Laundromat, Locksmith, Office, Pastry shop, Painting/Wallpaper, Pet grooming, Pet shop, Real estate agency, Shoe repair shop, Snack bar, Travel agency, Variety store
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Common Walls:
Detached
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Garage:
Yes
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Lot Features:
Réseau Express Métropolitain (REM), Public transportation
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Parking Features:
Detached, Detached
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Size:
32 x 32 Feet
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Structure Type:
Building
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Utilities:
Water Connected, Sewer Connected
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Water Source:
Municipality
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Sewer:
Municipality
