Business For Sale · Retail

888 DURHAM LIVE AVENUE, Pickering (Brock Industrial)

888 DURHAM LIVE AVENUE, Pickering (Brock Industrial), ON L1W0C1

$399,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

90%

About this property

POPULAR AND WELL KNOWN RESTAURANT FOR SALE IN PICKERING CASINO RESORT. 5,000 SQUARE FEET ON THE MAIN FLOOR WITH A 1600 SQUARE FEET FOOD COURT AS WELL . LIQUOR LICENSE IN PLACE FOR 150 GUESTS ON DINING HALL. FULLY EQUIPPED KITCHEN WITH LARGE EXHAUST HOOD, FULL GAS RANGE. GREAT TRAFFIC AND EXPOSURE. STRONG CUSTOMER BASE FROM CASINO. (id:66811)

Financial sandbox

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Estimate
Purchase price$399K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$23K

Annual cash flow

$1K

Cash-on-cash

0.94%

DSCR

1.05

Going-in cap

5.82%

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

50,776

Households

23,542

Median income

$135,500

Median age

36.5

Daytime population

49,724

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 888 DURHAM LIVE AVENUE, Pickering (Brock Industrial).

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.