For Sale · Hospitality

Leduc

Leduc, AB T9E6X9

$2.3M total

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Asset Class

Hospitality

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

87%

Year Built

1949

Lot Size

0.58 ac

About this property

INVESTMENT OPPORTUNITY! Profitable Multi-Business Commercial Building in the Heart of Downtown Leduc. This well-established commercial property offers a rare investment opportunity in a prime location. The property includes a western-style hotel featuring 20 guest rooms (all on monthly lease), a charming saloon bar offering 178 seats, pool table, 15 VLTs, and live entertainment, a thriving restaurant, & a separate commercial building space - all situated on a spacious lot with plenty of parking. Multiple income streams make this an attractive investment: the hotel & bar are currently owner-operated, while the restaurant generate steady lease income, occupied by long-term tenant. Located in the bustling heart of downtown Leduc, this property presents a great opportunity for investors looking for solid cash flow & future growth potential. Dont miss out! (id:66811)

Financial sandbox

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Estimate
Purchase price$2.30M
Down payment30% · $690K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$115K

Annual cash flow

$-13K

Cash-on-cash

-1.82%

DSCR

0.90

Going-in cap

5.00%

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

126,862

Households

44,037

Median income

$81,500

Median age

44.2

Daytime population

117,693

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for Leduc.

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.