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Business For Sale · Specialty

304 10 Street NW, Calgary

304 10 Street NW, Calgary, AB T2N1V8

$134,900 total

816 SF

Asset Class

Specialty

Size

816 SF

Building class

Zoning

DC2 — Site Specific

$ / SF

$165

Occupancy

94%

Year Built

1980

About this property

**Asset Sale**Excellent opportunity to own an established restaurant in the heart of Kensington. Currently operating as a Japanese restaurant, this location has a long history as a traditional Japanese dining destination and benefits from strong visibility, high pedestrian and vehicle traffic, and limited direct Japanese restaurant competition nearby. The space includes a fully equipped commercial kitchen and approximately 20 dining seats. Monthly rent is approximately $5,786 including Base Rent and Operating Costs, and the lease has recently been renewed. With continued residential growth and new apartment developments in the surrounding area, this is a great location for a first-time owner or experienced operator. The existing Japanese concept can be continued, or other concepts such as Vietnamese, Chinese, or other cuisines may also be considered. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$135K

Down payment30% · $40K

Interest rate6.25%

Amortization25 years

Occupancy94%

Expense growth2.5%

Monthly debt service

$623

Projected NOI

$8K

Annual cash flow

$618

Cash-on-cash

1.53%

DSCR

1.08

Going-in cap

6.00%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Blue Harbour Design	140	531 SF	$36.75	2029-04
Blue Harbour Design	140	400 SF	$36.87	2029-04
Blue Harbour Design	140	400 SF	$37.00	2028-04
Blue Harbour Design	140	400 SF	$37.12	2029-04

Area demographics

Trade area within 3 miles of the property.

Population

128,600

Households

45,571

Median income

$85,500

Median age

44.5

Daytime population

176,900

5-yr growth

7.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 304 10 Street NW, Calgary.

NDA required

Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.