Business For Sale · Retail

219 QUEENS AVENUE, London East (East G)

219 QUEENS AVENUE, London East (East G), ON N6A1J8

$199,900 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

93%

About this property

An exceptional opportunity to acquire a well-positioned restaurant in the heart of the city, offered at an asking price below replacement value. Strategically located in the downtown core and surrounded by numerous office buildings, the property benefits from excellent exposure and access to a strong daytime customer base. The operation features a fully established restaurant complemented by a separate dining hall, offering added flexibility for private functions, corporate events, banquets, and group dining. This dual-space layout creates multiple revenue opportunities and provides the potential to accommodate a diverse range of customers and dining experiences. Offered at a price below replacement cost, this is an attractive opportunity for restaurateurs, hospitality operators, or investors looking to capitalize on an established location without the expense and challenges of building from the ground up. (id:66811)

Financial sandbox

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Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$923

Projected NOI

$13K

Annual cash flow

$2K

Cash-on-cash

2.77%

DSCR

1.15

Going-in cap

6.37%

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

80,877

Households

32,584

Median income

$76,500

Median age

43

Daytime population

109,145

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 219 QUEENS AVENUE, London East (East G).

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.