Business For Sale · Specialty

410 Stavanger Drive, St. John's

410 Stavanger Drive, St. John's, Newfoundland & Labrador A1A0A7

Price on request

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

99%

Year Built

2005

About this property

Located in the heart of St. John’s thriving commercial district, 410 Stavanger Drive offers over 30,000 square feet of prime retail and warehouse space. Zoned Commercial Regional (CR), this property is ideally suited for a variety of businesses, including retail, distribution, and mixed-use operations. With two dock-level loading doors and one ground-level loading door, it provides seamless logistics and accessibility for shipping and receiving. The property features approximately 100 parking spaces, ensuring ample room for customers and employees. Surrounded by major retailers and positioned in a high-traffic area, this location benefits from strong visibility and a well-established commercial presence. Additionally, its close proximity to major highways allows for convenient transportation and easy connectivity to other parts of the city and beyond. Previously occupied by Princess Auto for 15 years, this space has a proven track record of success for long-term business operations. Whether you’re looking to expand or establish a new presence in St. John’s, 410 Stavanger Drive presents an exceptional opportunity. Lease is Triple Net. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

49,493

Households

21,155

Median income

$96,000

Median age

43.6

Daytime population

63,361

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 410 Stavanger Drive, St. John's.

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.