Business For Sale · Retail

27A 6631 Island Hwy N, Nanaimo

27A 6631 Island Hwy N, Nanaimo, BC V9T4T7

$85,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

96%

About this property

Established footwear business located in Woodgrove Centre, Vancouver Island's largest shopping centre. Operating successfully at this location for approximately 16 years, the business has built a loyal customer base and strong local recognition. Prime mall location with steady year-round foot traffic and excellent exposure to shoppers from Nanaimo and surrounding communities. The store offers a popular selection of flip flops and sandals, appealing to families, students, and visitors. Turnkey opportunity for a new owner to take over an established operation with an existing clientele and proven location. The owner is selling to pursue other business interests. The asking price does not include the store's current inventory, which will be purchased separately. Contact the listing agent for further information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$85K
Down payment30% · $26K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$393

Projected NOI

$5K

Annual cash flow

$326

Cash-on-cash

1.28%

DSCR

1.07

Going-in cap

5.93%

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

70,398

Households

25,552

Median income

$131,000

Median age

36

Daytime population

82,074

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 27A 6631 Island Hwy N, Nanaimo.

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.