For Sale · Specialty

5 Euston Street, Moncton

5 Euston Street, Moncton, NB E1C5S1

$334,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

92%

Lot Size

0.07462575923061336 ac

About this property

Seize the opportunity to own and operate a one-of-a-kind business venture in Downtown Moncton. This previously established beer garden and eatery offers the perfect setup for an entrepreneur looking to get into an exciting venture. This property is situated on a corner lot and features a unique and modern design with two versatile shipping containers. The 320 SF service container, with 9-foot ceilings, includes a full commercial kitchen with ventilation, a walk-in refrigerator, an eight-tap keg system, and essential kitchen equipment. Fully heated, this container allows for year-round operations. The 160 SF restroom/electrical room container houses four standard restrooms and one wheelchair-accessible restroom, also heated for year-round usage. The fully fenced property creates a lively and private patio experience, offering a vibrant ambiance that has made it a popular destination for locals, tourists, and outdoor enthusiasts, including cyclists. Located within walking distance of Riverfront Park and Hal Betts Sportplex ball fields, this spot has become a favoured pit stop for visitors and residents alike. With the nearby Three Sisters Development driving increased residential density and foot traffic, the area is poised for even greater opportunities. This property offers everything needed to run a successful food and beverage business with the potential to grow into a more permanent location over time. Dont miss this exciting chance to acquire this unique property and start your own food and beverage business. (id:66811)

Financial sandbox

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Estimate
Purchase price$334K
Down payment30% · $100K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$21K

Annual cash flow

$3K

Cash-on-cash

2.50%

DSCR

1.14

Going-in cap

6.29%

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

118,639

Households

48,629

Median income

$102,500

Median age

33.3

Daytime population

137,968

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 5 Euston Street, Moncton.

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.