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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$500,000
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
Freehold Retail space available on New Dundee Road in the Rainbow Lake condominiums. 945 square feet of shell on the ground floor with high windows and lots of natural light. This unit has high ceilings, approximately 11' clear! Floors have not been poured to allow for routing of electrical and plumbing specific to the Buyer's needs - a blank palette to build exactly as you want/need! Retail, Professional Office, Food Services, Pharmacy, Personal Services, and Health, and Fitness are examples of use for this property. All services roughed into the property. Located only 1 minute from the 401 and Homer Watson Blvd, this unit has high traffic and high visibility with minimal commercial in the immediate area due to GRCA land protections - making your business stand out. With the expansion of residential in this area and approximately 450 clientele and/or customers within Rainbow Lake Condominiums, this is the perfect retail space for your business! Don't miss out on this opportunity! (id:39198)
Location
Province
Ontario
City
Kitchener
Address
525 New Dundee Road Unit# A
Postal Code
N2P2L1
Location Highlights
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Listed by
Corcoran Horizon Realty Ontario 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
945
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
$500,000
Asking Price
$500,000
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)
945
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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