For Lease · Retail

8197 MAIN STREET, Vancouver

8197 MAIN STREET, Vancouver, BC V5X3L2

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

82%

Year Built

1970

About this property

Prime opportunity to lease approximately 1,200 SF of retail space in the central Main & Marine area. The space is well suited for a restaurant, café, or other food-service concept and offers a blank canvas for your creative vision. The premises are delivered without equipment, allowing an incoming operator to design and build out the space to suit their specific needs. Lease Rate @ $37.00/SF base rent, additional rent @ $18.00/SF, + applicable taxes. Ideal for food-service operators looking to establish a new concept in a central and highly accessible location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$66K

Annual cash flow

$-17K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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

85,056

Households

34,495

Median income

$71,500

Median age

39.3

Daytime population

114,933

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 8197 MAIN STREET, Vancouver.

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.