1/20102 358 175A STREET, White Rock
102 358 175A STREET, White Rock, BC V3Z6S7
$199,900 total
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Asset Class
Specialty
Size
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Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
84%
About this property
Discover the charm and income potential of Lovely Nails Spa, a well-established nail salon in Surrey! This turnkey business is located in a busy strip mall with high foot traffic, great exposure, and no direct competition. A new Costco coming nearby will further boost traffic and long-term growth. The salon features 6 manicure stations and 6 pedicure chairs, supporting strong daily operations. It also includes a head spa room rented at $1,200/month and a facial room rented out at $1,000/month, providing steady additional income. 4 LMIA-approved positions for staffing flexibility (just expired, possible to get it back with an application to renew). Surrounded by thriving businesses, the salon enjoys a loyal clientele and a 4.9-star Google rating. With low rent and owner training available, this is a perfect opportunity for new or experienced operators. Don't miss this chance! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$923
Projected NOI
$10K
Annual cash flow
$-1K
Cash-on-cash
-1.94%
DSCR
0.90
Going-in cap
4.96%
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
69,486
Households
24,009
Median income
$91,000
Median age
43.7
Daytime population
66,121
5-yr growth
7.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 102 358 175A STREET, White Rock.
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.