Tim Hortons


Property ID #: 18740
Tenant Name: Tim Hortons
Street Address:
City: Rochester
State: NY
Zip: 14616

COMPANY DESCRIPTION

Tim Hortons Inc. (known internationally as Tim Hortons Cafe and Bake Shop, colloquially and corporately known as Timmys, Timmy, or Tims) is a Canadian-based multinational fast food restaurant known for its coffee and donuts. It is also Canada's largest Quick-Service Restaurants chain; as of December 31, 2016, it had a total of 4,613 restaurants in nine countries. The company was founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton (1930–1974) and Jim Charade (1934–2009), after an initial venture in hamburger restaurants. In 1967, Horton partnered with investor Ron Joyce, who assumed control over operations after Horton died in 1974. Joyce expanded the chain into a multimillion-dollar franchise. Charade left the organization in 1966 and briefly returned in 1970 and 1993 through 1996.

Sector: Quick-Service Restaurants (QSR)

FINANCIAL PROFILE

Price: $630,000
NOI:
Cap Rate: 5.50
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): B+

LEASE ABSTRACT

Lease Type: NN
Years Remaining: 3
Initial Term Increases:
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options:
Option Increases:
Rent Holidays:

PROPERTY OVERVIEW

Type of Ownership:
Year Built: 2003
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 2810
Lot AC :

DEMOGRAPHICS

Population
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3-Mile:
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Average Household Income
1-Mile: 0.00
3-Mile: 0.00
5-Mile: 0.00

INFORMATION REQUEST

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