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Business For Sale · Retail

126 Main Street, Minto

126 Main Street, Minto, NB E4B3M2

$189,000 total

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Asset Class

Retail

Size

—

Building class

C

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

82%

Lot Size

0.19224781682588477 ac

About this property

Fantastic opportunity to purchase a retail building on the main drag! Over 4,000 SQ of retail floor space on Main Street in the Village of Minto and Municipality of Grand Lake! An additional 2,000 SQ' of finished office and storage space, as well as 3,000 SQ' of unfinished utility and storage space! Lots of potential for your business on a high exposure busy location in a growing community. The building has 4 ductless heat pumps, is wheelchair accessible, and has dock height loading bay. This one is worth a look for those looking to expand or start your business! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$189K
Down payment30% · $57K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$873

Projected NOI

$8K

Annual cash flow

$-2K

Cash-on-cash

-4.36%

DSCR

0.76

Going-in cap

4.23%

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

90,926

Households

34,236

Median income

$120,000

Median age

35.5

Daytime population

87,842

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 126 Main Street, Minto.

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.