Business For Sale · Retail

C - 129 RIOCAN AVENUE, Ottawa

C - 129 RIOCAN AVENUE, Ottawa, ON K2J5G3

$599,990 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

88%

About this property

Fantastic opportunity to own a well-established restaurant business in the heart of Barrhaven. Ideally positioned in a busy commercial destination just off Strandherd Drive and near the Cineplex Theatre, this location offers excellent accessibility and exposure in a thriving area surrounded by residential communities, shopping, dining and entertainment. The restaurant features a welcoming dine-in area with seating for approximately 18 guests and a functional layout designed for efficient day-to-day operations. The sale includes chattels, offering a turnkey opportunity for an entrepreneur, experienced operator or investor looking to acquire an established restaurant location. Currently operating as a franchise, the business provides an excellent opportunity to step into an existing operation in one of Barrhaven's busiest commercial areas. With a strong location, established setup and flexible possession, this is an exciting opportunity A fantastic opportunity for anyone looking to expand their current portfolio or for an eager new entrepreneur ready to establish themselves within a successful turn-key operation. (id:66811)

Financial sandbox

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Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$31K

Annual cash flow

$-2K

Cash-on-cash

-1.31%

DSCR

0.93

Going-in cap

5.15%

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

99,310

Households

46,570

Median income

$129,000

Median age

34.7

Daytime population

96,794

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for C - 129 RIOCAN AVENUE, Ottawa.

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.