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Benefits
Asking Price
$649,000
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
Hot new listing at 514-516 Main Street, Lewisporte. If you are looking for a new 4000 sq/ft retail building in an ideal location - check out this property today. 1/2 of the property has an excellent lease in place by a large national company. Lease is for 10 years. Excellent income property. You may be interested in leasing out the other 2000 sq/ft or using it for your own business. This building is only 2 years old & is priced to sell. MLS $799,000 (id:39198)
Location
Province
Newfoundland & Labrador
City
Lewisporte
Address
514-516 Main Street
Postal Code
A0G3A0
Location Highlights
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Listed by
RE/MAX HALLMARK REALTY GROUP Newfoundland & Labrador 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
4,000
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
$649,000
Asking Price
$649,000
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)
4,000
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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