1/132 942 Hillside Ave, Victoria
2 942 Hillside Ave, Victoria, BC V8T2A1
$125,000 total
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Asset Class
Retail
Size
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Building class
A
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
84%
About this property
TURNKEY FOOD-SERVICE OPPORTUNITY An exciting opportunity to acquire a well-equipped, turnkey food-service business asset in a highly visible retail plaza at the prominent corner of Hillside Avenue and Quadra Street in Victoria, BC. Offered at an attractive $125,000, this opportunity is ideal for an entrepreneur looking to bring their own food concept to an established location. The approximately 1,931 sq. ft. space features a commercial kitchen with a 7-foot hood and a dining area for 38+ patrons. The existing infrastructure provides an excellent foundation for a variety of food-service concepts, with the flexibility to rebrand, introduce a new concept, or continue with the existing TacoTime franchise, subject to landlord and franchisor approval. Confidential sale. Signed NDA required for further details. Please do not approach staff regarding the sale. Contact the listing agent today. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$577
Projected NOI
$6K
Annual cash flow
$-1K
Cash-on-cash
-2.78%
DSCR
0.85
Going-in cap
4.71%
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
87,344
Households
36,583
Median income
$114,000
Median age
35.4
Daytime population
79,486
5-yr growth
6.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 2 942 Hillside Ave, Victoria.
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.