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Drive Thru & Roadside Scheme | Faverdale
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Drive Thru & Roadside Scheme Faverdale
12,406 SF 100% Leased Retail Building Darlington DL3 0PZ $14,823,456 CAD ($1,195 CAD/SF) 5.38% Cap Rate
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INVESTMENT HIGHLIGHTS
- New Development let to McDonalds, Costa, Taco Bell, Fastned etc
- £8.15m which shows a NIY of 5.44% based on a funding arrangement
- WAULT of 13.8 years
EXECUTIVE SUMMARY
Development for sale, offers in excess of £8,150,000 which reflects a true net initial yield of 5.38% based on a forward funding arrangement which includes a 50/50 split on stamp duty saving and based on costs of 2.86%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Building Size
12,406 SF
Year Built
2025
Construction Status
Proposed
Price
$14,823,456 CAD
Price Per SF
$1,195 CAD
Cap Rate
5.38%
NOI
$797,502 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
136 Spaces (10.96 Spaces per 1,000 SF Leased)
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NEARBY MAJOR RETAILERS
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Drive Thru & Roadside Scheme | Faverdale
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