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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,698,800
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
HIGH-PROFIT PRIME retail in the heart of the Richmond Olympic Oval Village built by Intercrop, with stable lease in place. The Premises has excellent street exposure situated in the Brand-New, Prestigious community along the banks of the Fraser River, where poised to become an essential destination and thriving hub of residential, recreational and retail activity. Over 5000 residents along with numerous restaurants, Shoppers, T&T supermarket, medical and clinics around. The units offers generous frontages for customer visibility and signage, ceilings up to 16' , HVAC units, 3 phase power supply, included two exclusive use parking and plenty of commercial visitor parking on site. Ideal for variety kinds of business, medical&service uses, restaurants, Call Now!! (id:39198)
Location
Province
British Columbia
City
Richmond
Address
160 6628 River Road
Postal Code
V7C0E2
Location Highlights
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Listed by
RE/MAX Crest Realty 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
1,183
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
$1,698,800
Asking Price
$1,698,800
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)
1,183
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
N/A
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