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$599,000 total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CB1 — Low Intensity Business
$ / SF
—
Occupancy
91%
Year Built
1986
Lot Size
0.6705 ac
An outstanding opportunity to acquire one of the regions busiest and most highly reviewed hospitality destinations. Nellys has built a strong reputation for quality dining, lively entertainment, and excellent customer service, resulting in a loyal customer base and consistent repeat business. More than just a licensed restaurant and ice cream parlour, this property now features a 3,000 sq. ft. bar and entertainment centre and its own dedicated washroom block. Strategically positioned on a major highway with high visibility and ample parking, the site is ideally situated to capture both local patrons and passing traffic. Facilities include a Main restaurant building (40 x 30) with full commercial kitchen, walk-in freezer and walk-in fridge, plus 5 upright stocked coolers, comprehensive fire suppression system, Separate washroom building (20 x 24), Bar & entertainment hall (30 x 70) featuring cask ales and a complete beverage selection. This well-equipped facility offers tremendous flexibility for a new ownerwhether continuing its proven success as a restaurant and entertainment hub or expanding into new hospitality concepts. Backed by a hardworking team and excellent online reviews, Nellys is a turnkey operation with immediate cash flow potential. Financial figures are available upon signing of a non-disclosure agreement. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$30K
Annual cash flow
$-3K
Cash-on-cash
-1.73%
DSCR
0.91
Going-in cap
5.02%
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.
Trade area within 3 miles of the property.
Population
77,519
Households
29,218
Median income
$110,500
Median age
32
Daytime population
72,659
5-yr growth
2.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 8890 6 Highway, West Pugwash.
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.