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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,900
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Lantz is a growing community. There is a new Hwy 102 Exit (8A) and multiple new home developments in the village. Estimates of new housing units are at more than 4,000 over the upcoming years (data from the Municipality of East Hants). The building is zoned General Commercial. It is 16 years old and has 2,800 sqft of finished space over two levels. Heating/cooling is supplied by a ducted heat pump. There is a fenced yard and gravel parking area with two exits. The lot fronts on Hwy 2 and Frederick Allen Drive. Vacant Possession is available after July 1 2024. Current tenant is a Daycare (id:39198)
Location
Province
Nova Scotia
City
Lantz
Address
1208 Highway 2
Postal Code
B2S1T5
Location Highlights
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Listed by
Royal LePage Atlantic (Enfield) Nova Scotia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
0
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$999,900
Asking Price
$999,900
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
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.
N/A
Premises Size (square feet)
0
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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