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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$249,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
THIS CENTRALLY LOCATED PRIME 12 ACRE PIECE OF LAND IS LOCATED OFF CHOCOLATE DRIVE AND WRAPS AROUND BEHIND THE ST STEPHEN ELEMENTARY SCHOOL. THIS LAND WHILE SUITABLE FOR MULTIPLE USES WOULD BE IDEALY SUITED FOR HOUSING DEVELOPEMENT WHICH IS BADLY NEEDED IN ST. STEPHEN. THE HOUSES COULD BE SINGLE RESIDENCES, MULTI UNITS OR A COMBINATION OF BOTH. THIS PROPERTY IS ALREADY ENHANCED BY THE ALREADY INSTALLED POWER LINES & POLES, THE ALREADY INSTALLED GRAVITY SEWER LINE WITHIN THE LISTED PARCEL OF LAND AND THE INSTALLED WATER INFRASTRUCURE IS NEABY AND ABIALABLE FOR HOOKUP. THIS LAND IS LOCATED ON THE NORTH END AND WRAPS AROUND BEHIND THE ST. STEPHEN ELEMENTARY SCHOOL. IT'S JUST A SHORT DISTANCE TO THE ST. STEPHEN MIDDLE SCHOOL AND A SHORT DISTANCE TO THE ST. STEPHEN HIGH SCHOOL. THE LOCATION IS CLOSE TO THE CHARLOTTE COUNTY HOSPITAL, THE GARCELON CIVIC CENTRE AND BOTH OF ST STEPHEN'S SHOPPING AREAS. APPROXIMATELY 11.6 ACRES OF AN ADJOINING PROPERTY COVERED BY PID #01259266 AND THIS ADDITIONAL PROPERTY CAN BE ADDED TO THE TOTAL PACKAGE FOR AN ADDITIONAL $50,000.00 INCREASING THE LIST PRICE FOR THE TOTAL PACKAGE OF 23.6 ACRES TO $299,000.00. HST IS APPICABLE TO THIS SALE/PURCHASE. ASK YOURSELF WHEN WAS THE LAST TIME YOU WERE AWARE OF THIS LARGE PIECE OF A PROPERTY CENTRALLY LOCATED IN A GROWING TOWNCOMMUNITY THAT WAS AVAILABLE FOR SALE. (id:39198)
Location
Province
New Brunswick
City
St. Stephen
Address
00 Chocolate Drive
Postal Code
E3L2X5
Location Highlights
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Listed by
EXIT REALTY CHARLOTTE COUNTY New Brunswick listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
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Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$249,000
Asking Price
$249,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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