For Lease · Retail

101, 11502 Westgate Drive, Grande Prairie

101, 11502 Westgate Drive, Grande Prairie, AB T8V4E9

$36 Yearly

6,935 SF

Asset Class

Retail

Size

6,935 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

$0

Occupancy

98%

Year Built

2013

About this property

Prime Westgate Restaurant / Retail OpportunityThis is one of those locations that is hard to replace.Positioned in a highly visible Westgate location along one of Grande Prairie busiest commercial corridors, this 6,935 sq ft space benefits from exceptional exposure, easy access, strong surrounding traffic generators and a well established retail and restaurant environment.The property sits immediately adjacent to major commercial uses and directly along the 100 Avenue / 115 Street corridor, giving a future tenant excellent visibility from multiple directions. The site is surrounded by national retailers, restaurants, professional services and established residential neighbourhoods, making it a strong destination for both daytime and evening traffic.The space itself is particularly attractive for another restaurant operator. The existing restaurant layout, commercial kitchen infrastructure and available equipment create an opportunity to significantly reduce the time and capital normally required to build a restaurant from scratch. Restaurant equipment and chattels are intended to remain available for the incoming tenant, subject to the lease terms.With approximately 6,935 sq ft, substantial dining capacity, extensive glazing, strong frontage, excellent parking and access, a large kitchen footprint, existing restaurant infrastructure and a prominent Westgate location near 100 Avenue and 115 Street, this property offers a rare opportunity for a restaurant, hospitality concept or other high profile retail user. The combination of visibility, surrounding commercial draw, established traffic, existing improvements and available restaurant equipment may substantially reduce buildout time and cost for the next operator.For a restaurant operator, the real value here is not just the square footage. It is the combination of location, exposure, existing infrastructure and equipment in one of Grande Prairie strongest commercial areas. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$36
Down payment30% · $11
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$-0

Cash-on-cash

-0.74%

DSCR

0.96

Going-in cap

5.32%

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.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply3,414 SF2027-06
Summit Trades Supply1,685 SF2027-06
Prairie Coffee Roasters1,662 SF2027-06

Area demographics

Trade area within 3 miles of the property.

Population

103,222

Households

42,580

Median income

$84,000

Median age

43.7

Daytime population

159,106

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 101, 11502 Westgate Drive, Grande Prairie.

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.