For Sale · Retail

C/O 1890 Cooper Road Road Unit# 1, Kelowna

C/O 1890 Cooper Road Road Unit# 1, Kelowna, BC V1Y8M1

$159,900 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

97%

About this property

A rare opportunity to acquire a fully equipped restaurant on a prime location along one of Kelowna's major road and transportation corridors, with a great exposure and convenience to customers. This established restaurant has a long history of serving authentic Asian cuisine for the fast growing neighborhood. You can either carry on with the current business or bring your own offerings to the community. Floor area of 1,200sf with up to 40 seats is ideal size for many entrepreneurs. Food Primary Liquor license is transferable. Almost unlimited on-site parking provides opportunities for both dine-in and take out customers. Rapidly expanding and popular neighborhood with limited retail space offers both stability and growth potential for any restaurant businesses. For the Actual location and the info package, Confidentiality Agreement must be signed. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$160K
Down payment30% · $48K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$738

Projected NOI

$9K

Annual cash flow

$-251

Cash-on-cash

-0.52%

DSCR

0.97

Going-in cap

5.38%

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

133,133

Households

47,399

Median income

$82,500

Median age

43.4

Daytime population

203,591

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for C/O 1890 Cooper Road Road Unit# 1, 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.