Business For Sale · Retail

4 - 66 MALL ROAD, Hamilton (Thorner)

4 - 66 MALL ROAD, Hamilton (Thorner), ON L8V5B9

$250,000 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

84%

About this property

Excellent opportunity to own a turn-key Vietnamese restaurant at 66 Mall Rd, Hamilton, located in a busy plaza with ample parking and close to CF Lime Ridge Mall. Excellent Hamilton plaza location with plenty of parking. Approx 1,950 sq.ft., licensed for 57 seats, with fully equipped kitchen including 14-ft hood, newer hood fan, walk-in cooler, standing freezer and prep tables. All restaurant assets included. Functional layout suitable for dine-in, take-out, delivery and catering operations, with potential for a variety of restaurant concepts, subject to landlord and municipal approvals (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$250K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$-42

Cash-on-cash

-0.06%

DSCR

1.00

Going-in cap

5.52%

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

58,057

Households

22,183

Median income

$108,500

Median age

31.3

Daytime population

52,208

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 4 - 66 MALL ROAD, Hamilton (Thorner).

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.