For Sale · Retail

Rural Red Deer County

Rural Red Deer County, AB T4E1B9

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

91%

Year Built

2015

Lot Size

0 ac

About this property

Two units available at Gasoline Alley Centre West, located in the heart of Gasoline Alley, one of Central Albertas busiest retail and service destinations with excellent exposure to the QEII Highway. The centre is surrounded by major traffic drivers including Costco, Staples, and Cineplex, and features Tesla Superchargers on site - the only charging station between Edmonton and Calgary, generating consistent daily traffic and extended customer dwell time. The space is well suited for a variety of retail, food & beverage, personal service, office, or financial service uses, and is available immediately with competitive market lease terms. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

140,906

Households

65,187

Median income

$76,500

Median age

42.1

Daytime population

190,654

5-yr growth

1.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for Rural Red Deer County.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.