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Business For Sale · Hospitality

2424 Main Street Unit# 2, West Kelowna

2424 Main Street Unit# 2, West Kelowna, BC V4T1P6

$244,000 Monthly

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Asset Class

Hospitality

Size

—

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

83%

About this property

Have you ever dreamed of owning your own Thai restaurant in the beautiful Okanagan? This is a rare opportunity to acquire a well-established and profitable restaurant in West Kelowna with annual sales exceeding $600,000. Located in a high-traffic commercial area, this business enjoys excellent exposure, a loyal customer base, and convenient customer parking directly beside the premises. The restaurant offers approximately 2,240 sq. ft. of fully equipped space, including a commercial kitchen with a commercial exhaust hood, making it ideal for an owner-operator or experienced restaurateur looking for a turnkey opportunity. The lease features an attractive base rent of approximately $21 per square foot plus NNN expenses. Everything is in place for a smooth transition, allowing a new owner to step in and continue building on the business's strong reputation and consistent sales history. Opportunities like this do not come around often in the growing West Kelowna market. A signed Non-Disclosure Agreement (NDA) is required prior to the release of confidential information. Please do not approach staff or ownership directly. All inquiries through the listing agent only. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$244K
Down payment30% · $73K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$13K

Annual cash flow

$-253

Cash-on-cash

-0.35%

DSCR

0.98

Going-in cap

5.44%

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

136,745

Households

53,553

Median income

$116,000

Median age

35.3

Daytime population

225,585

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 2424 Main Street Unit# 2, West Kelowna.

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.