Business For Sale · Retail

291 GEORGE STREET N, Peterborough (Town Ward 3)

291 GEORGE STREET N, Peterborough (Town Ward 3), ON K9J3H3

Price on request

1,450 SF

Asset Class

Retail

Size

1,450 SF

Building class

B

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

85%

About this property

Approximately 1,450 square feet of prime storefront space in a great downtown location. A high traffic location with ample parking close by, large student population and plenty of foot traffic. Current C-6 zoning allows for many uses including retail sales, office, studio or clinic. This unit also has lots of additional storage in the basement. Additional rent estimated at $8.30 per square foot with utilities in addition. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics577 SF2027-02
Vector Robotics400 SF2027-02
Vector Robotics400 SF2027-02
Vector Robotics400 SF2027-02

Area demographics

Trade area within 3 miles of the property.

Population

76,531

Households

26,490

Median income

$100,000

Median age

44.2

Daytime population

83,515

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 291 GEORGE STREET N, Peterborough (Town Ward 3).

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.