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$299,000 total
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Asset Class
Retail
Size
—
Building class
B
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
95%
Lot Size
4200 ac
LOCATION! LOCATION! LOCATION! Rare Opportunity To Own A Well-Established, Fully Equipped Korean BBQ Restaurant In A Prime Vaughan/North York Location! This Turnkey Restaurant Offers Approximately 4,200 Sq. Ft. Two Private Dining Areas, And LLBO Approval With 180 Seats. Fully Equipped With Individual Tabletop Grills, 12 Tabletop Ventilation Systems, A 16-Ft Commercial Exhaust Hood, Walk-In Cooler And Freezer, Commercial Kitchen, Preparation Areas, And 2 Washrooms. Everything Is In Place For A Seamless Takeover And Immediate Operation. Current Lease Offers 5+5 Years Remaining At $15,102.45/Month, Including TMI And HST. Ample Free Customer Parking Available. Excellent Opportunity To Continue The Existing Korean BBQ Concept Or Convert To Other Restaurant Cuisines. A Rare Turnkey Restaurant Opportunity With Extensive Equipment, Seating Capacity, And Great Potential! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$16K
Annual cash flow
$-850
Cash-on-cash
-0.95%
DSCR
0.95
Going-in cap
5.26%
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
110,780
Households
48,835
Median income
$119,000
Median age
34.9
Daytime population
187,483
5-yr growth
6.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 24 - 180 STEELES AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill).
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.