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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$549,000
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
Creston and Creston Valley ! - Investment Opportunity! Immediate Return on your Investment . This commercial Land and Building is situated in a prime location on Canyon Street which forms a part of Highway 3. Corner location. Both vehicular and pedestrian traffic is fantastic , on this busy corner in downtown Creston. The existing tenant, Kal Tire, has been doing business from this location for many years, a signed lease is in place for Kal Tire to remain in the building. What this means to you , is an immediate return on your investment from this property! Excellent ROI with this Triple Net Lease .This well maintained Concrete Block Building with Metal Roof is Approx. 6,000 S.F. , the lot size is .41 of an acre. The lot is paved and well maintained. Zoning on this property is C-1, General Commercial. SELLER OPEN to OFFERS !!!! Contact your REALTOR (R) for all the details on this property. (id:39198)
Location
Province
British Columbia
City
Creston
Address
1816 Canyon Street
Postal Code
V0B1G0
Location Highlights
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Listed by
Fair 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
0
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
$549,000
Asking Price
$549,000
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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