150 3500 MONCTON STREET, Richmond150 3500 MONCTON STREET, Richmond — photo 2150 3500 MONCTON STREET, Richmond — photo 3150 3500 MONCTON STREET, Richmond — photo 4150 3500 MONCTON STREET, Richmond — photo 5150 3500 MONCTON STREET, Richmond — photo 6150 3500 MONCTON STREET, Richmond — photo 7150 3500 MONCTON STREET, Richmond — photo 8150 3500 MONCTON STREET, Richmond — photo 9150 3500 MONCTON STREET, Richmond — photo 10150 3500 MONCTON STREET, Richmond — photo 11150 3500 MONCTON STREET, Richmond — photo 12150 3500 MONCTON STREET, Richmond — photo 13150 3500 MONCTON STREET, Richmond — photo 14150 3500 MONCTON STREET, Richmond — photo 15150 3500 MONCTON STREET, Richmond — photo 16150 3500 MONCTON STREET, Richmond — photo 17150 3500 MONCTON STREET, Richmond — photo 18150 3500 MONCTON STREET, Richmond — photo 19150 3500 MONCTON STREET, Richmond — photo 20150 3500 MONCTON STREET, Richmond — photo 21150 3500 MONCTON STREET, Richmond — photo 22150 3500 MONCTON STREET, Richmond — photo 23150 3500 MONCTON STREET, Richmond — photo 24150 3500 MONCTON STREET, Richmond — photo 25
1/25
Business For Sale · Retail

150 3500 MONCTON STREET, Richmond

150 3500 MONCTON STREET, Richmond, BC V7E3A2

$78,800 total

—

Asset Class

Retail

Size

—

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

95%

Lot Size

0.02731864095500459 ac

About this property

PRICED TO SELL! Turnkey opportunity in the heart of Steveston Village, Richmond. Formerly operated as KUN'S OMAKASE BAR, this is an ASSET SALE ONLY, including existing restaurant improvements, fixtures, equipment & assignment of the existing lease. The restaurant is currently closed, allowing a new operator to move in and bring their concept to life. Approx. $4,000 + GST/month gross rent w/ the existing lease term expiring January 31, 2031. Prime pedestrian-oriented location surrounded by established restaurants, cafés, specialty retail & Steveston Village's popular tourism attractions. Excellent opportunity for an owner-operator seeking an affordable entry into one of Richmond's most recognized destinations. Suitable for permitted light-food concepts such as café, dessert shop, bubble tea, sushi or similar food service. Please note there is NO commercial-grade cooking/exhaust kitchen. Buyers should verify their proposed use, licensing and requirements with the City of Richmond and landlord. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$79K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$364

Projected NOI

$5K

Annual cash flow

$582

Cash-on-cash

2.46%

DSCR

1.13

Going-in cap

6.28%

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.

Area demographics

Trade area within 3 miles of the property.

Population

107,449

Households

46,787

Median income

$70,500

Median age

41.8

Daytime population

177,372

5-yr growth

6%

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

Secure deal room

Confidential diligence documents for 150 3500 MONCTON STREET, Richmond.

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.