1/5441 KING STREET E, Cobourg
441 KING STREET E, Cobourg, ON K9A1M5
$179,000 total
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Asset Class
Retail
Size
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Building class
C
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
94%
About this property
Well-established Chinese takeout restaurant. Successfully operated by the current owner for 6 years with a loyal customer base and consistent weekly sales of approximately $8,500-$10,000.Approximately 1,500 sq. ft. with monthly rent of $4,934.59, including TMI and HST. Lease expires October 21, 2029, with an additional 5-year renewal option.Open only 6 days per week. The business generates attractive owner income after operating expenses. Potential to convert to other restaurant concepts, subject to required approvals.Owner is selling due to health reasons. Excellent opportunity for an owner-operator or family-run business. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$827
Projected NOI
$11K
Annual cash flow
$978
Cash-on-cash
1.82%
DSCR
1.10
Going-in cap
6.09%
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
116,060
Households
41,924
Median income
$130,500
Median age
38.9
Daytime population
160,052
5-yr growth
2.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 441 KING STREET E, Cobourg.
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.