



1/527A 6631 Island Hwy N, Nanaimo, BC V9T4T7
$85,000 total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
96%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 27A 6631 Island Hwy N, Nanaimo.
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.