
Unknown, ON
$65,000 total
1,125 SF
Asset Class
Specialty
Size
1,125 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$58
Occupancy
99%
Year Built
1980
Well-established and fully operational tanning salon in a high-traffic North Calgary retail location. Operated by the current owners for the past 25 years, this turnkey business has built a strong community presence and a loyal customer base, with over 10,000 clients recorded in the customer system.The salon is equipped with 2 standard lay-down tanning beds, 2 high-powered lay-down tanning beds, 1 stand-up tanning booth, and 1 HD Mystic spray tan booth, along with a complete point-of-sale system and other equipment required for ongoing operations. The equipment is modern, well-maintained, and provides multiple tanning options to serve a broad customer base.The business has clean financial records, consistent revenue, and healthy margins, providing an established operating history for a new owner. The location offers excellent visibility and steady foot traffic within a busy retail environment. The opportunity offers potential for continued growth and expansion through additional services, marketing, and increased customer utilization.An excellent opportunity for an owner-operator or investor seeking an established and recognizable tanning business with a long operating history, loyal clientele, trained staff, equipment, systems, and a proven location. (id:66811)
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Monthly debt service
$300
Projected NOI
$4K
Annual cash flow
$720
Cash-on-cash
3.69%
DSCR
1.20
Going-in cap
6.65%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Halcyon Wealth Partners | 403 SF | 2030-11 |
| Halcyon Wealth Partners | 400 SF | 2030-11 |
| Halcyon Wealth Partners | 451 SF | 2031-11 |
Trade area within 3 miles of the property.
Population
49,050
Households
22,573
Median income
$88,500
Median age
44.6
Daytime population
78,119
5-yr growth
6.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Unknown.
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.