Business For Sale · Retail

163 DUNDAS STREET, London East (East K)

163 DUNDAS STREET, London East (East K), ON N6A1G4

$79,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

85%

About this property

D & R Smoke Shop in London, ON is For Sale. Convenience store located at the busy intersection of Dundas St & Richmond St in a prime, high-traffic location with excellent visibility and exposure. Surrounded by established residential neighbourhoods, schools, parks, retail stores, restaurants, local businesses, and major amenities, providing excellent customer traffic. Features approximately 640 Sq. Ft. with low rent of only $3,132/month. Lease Term: Current + Option to renew. All equipment is included in the sale. Excellent potential to grow sales even further. Great opportunity for a new owner to take over and operate. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$79K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$365

Projected NOI

$4K

Annual cash flow

$-805

Cash-on-cash

-3.39%

DSCR

0.82

Going-in cap

4.52%

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

71,945

Households

33,436

Median income

$126,500

Median age

37.3

Daytime population

65,875

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 163 DUNDAS STREET, London East (East K).

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.