Business For Sale · Retail

17 CLAPPERTON STREET, Barrie (City Centre)

17 CLAPPERTON STREET, Barrie (City Centre), ON L4M3E4

$79,999 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

83%

About this property

An outstanding opportunity to take over a restaurant space in the heart of downtown Barrie! Located at 17 Clapperton Street, this approximately 1,200 sq. ft. restaurant space, previously operated as a sushi establishment, offers seating for approximately 30 guests and an excellent opportunity for entrepreneurs, restaurateurs or established food brands looking to establish themselves in a vibrant downtown location. Surrounded by local businesses, restaurants, residential developments and downtown amenities, this location offers great potential for dine-in, takeout or delivery operations. Whether you're considering a sushi concept, Japanese cuisine, Asian fusion or another exciting food venture, this space provides an excellent starting point for your next business opportunity (subject to landlord approval). Attractive monthly rent of approximately $3,400 + HST! Don't miss the opportunity to bring your restaurant concept to life in downtown Barrie. Do not go to the store directly. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$80K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$369

Projected NOI

$4K

Annual cash flow

$-25

Cash-on-cash

-0.10%

DSCR

0.99

Going-in cap

5.51%

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

90,236

Households

39,913

Median income

$67,500

Median age

41.2

Daytime population

146,184

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 17 CLAPPERTON STREET, Barrie (City Centre).

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.