For Lease · Retail

291 QUEENSTON Road, Hamilton

291 QUEENSTON Road, Hamilton, ON L8K1H2

Price on request

3,067 SF

Asset Class

Retail

Size

3,067 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

90%

About this property

Prime Turn-Key Restaurant Opportunity on Busy Queenston Road Corridor! Exceptional commercial leasing opportunity offering over 3,000 square feet of prime main-floor space, plus an additional 2,000 square feet of finished basement included in the lease rate. Ideal for an established operator or new concept, this location comes equipped with landlord-owned restaurant equipment available for tenant use, drastically reducing upfront capital expenditure and setup time. Situated on a high-exposure, heavily traveled arterial thoroughfare, your business will benefit from maximum vehicular visibility, strong pedestrian flow, and prominent street signage potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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
Cascade Foods Inc.1,859 SF2027-05
Cascade Foods Inc.901 SF2027-05

Area demographics

Trade area within 3 miles of the property.

Population

139,448

Households

60,103

Median income

$124,500

Median age

37.5

Daytime population

180,181

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 291 QUEENSTON Road, Hamilton.

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.