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Retail Property For Sale at 2803 4500 KINGSWAY in Burnaby, British Columbia

4 Sale ID #202215
Updated 06 May 2024

Asking Price

$558,000

Cap Rate help 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

Retail store in Crystal Mall! High traffic location, very close to food court. Corner unit with glass wall showing two sides to hallway, very well exposed. Gross rent $3500/month, Net around $2800/month!!, with a stunning 5.6% Cap rate!!! Do not miss your chance to get this good investment!!! (id:39198)

  • MLS® : #C8057333
  • Date Listed : 05 Feb 2024

Location

Province

British Columbia

City

Burnaby

Address

2803 4500 Kingsway

Postal Code

V5H2A9

Location Highlights

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Listed by

Sunstar Realty Ltd. British Columbia listing

Category

retail-properties

Property Information

Premise Status

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With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

271

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$558,000

Asking Price

$558,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

271

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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