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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,950,000
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
Ideal for investors (5.0% CAP Rate), or owner operators alike. Royal LePage Westside Klein Group Commercial presents #100 ' 624 Agnes Street, 4 ground floor Retail Strata Units, part of a 4 Storey Mixed-Use strata building located in downtown New Westminster. This high traffic retail property is ideally located on Agnes Street and is only minutes away from the BC Land Title Office, the Provincial Court of BC, and both the Columbia Skytrain station and New Westminster Skytrain Station. This location offers convenient access to all regional amenities as well as to both HWY1 and downtown Vancouver. This property features 3,967 SF of ground floor retail space, extraordinary wide street frontage, an open lay out, high ceiling heights, interior office and storage, private washrooms, kitchenette, five (5) exclusively designated underground parking stalls, four (4) additional paid dedicated rental underground parking stalls with lots of customer street parking and loading. (id:39198)
Location
Province
British Columbia
City
New Westminster
Address
100 624 Agnes Street
Postal Code
V3M1G8
Location Highlights
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Listed by
Royal LePage Westside Klein Group British Columbia 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
3,967
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
$2,950,000
Asking Price
$2,950,000
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)
3,967
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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