Business For Sale · Retail

3903 KNIGHT STREET, Vancouver

3903 KNIGHT STREET, Vancouver, BC V5N3L8

$70,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

99%

About this property

Well-established smoke and vape shop in a prime, high-density area of Vancouver, with strong foot traffic, excellent daily exposure, and proximity to a popular nightlife destination. The approximately 515 sq. ft. retail unit is located at a busy intersection and comes with a secure 3-year lease, with approximately 2 years remaining and a possible extension. NO DEMOLITION CLAUSE. The zoning allows for a variety of retail, office, and other business uses. Currently operating as a smoke and vape shop, the business was established in mid-2019 and has excellent Google reviews, steady revenue, and a loyal customer base. The gross rent is approximately $2,396 per month, while current average monthly sales are approximately $21,000+. There is additional growth potential through expanded product lines, including grocery items, as well as extended operating hours. Ideal for an owner-operator or investor. Training is available. Showings by appointment only. NDA required. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$70K
Down payment30% · $21K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$323

Projected NOI

$4K

Annual cash flow

$204

Cash-on-cash

0.97%

DSCR

1.05

Going-in cap

5.83%

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

122,213

Households

43,369

Median income

$108,000

Median age

34

Daytime population

186,112

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 3903 KNIGHT STREET, Vancouver.

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.