1/185002 51 St, Grassland, AB T0A 1V0, Grassland
5002 51 St, Grassland, AB T0A 1V0, Grassland, AB T0A1V0
$750,000 total
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Asset Class
Retail
Size
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Building class
C
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
97%
Year Built
2001
Lot Size
0 ac
About this property
Offered at $750,000, this three-bay commercial property fronts the Highway 63/55 corridor in Grassland, Alberta. An operating drive-through restaurant occupies one bay, with two vacant storefronts offering room for a buyer to operate their own business or lease to additional tenants. The former liquor store has an existing retail layout, and the vacant end bay offers a separate storefront for convenience or specialty retail, subject to applicable approvals. On-site parking, drive-through access and prominent signage make the property easy to identify from the highway. Contact the listing agent for details and to arrange a viewing. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$50K
Annual cash flow
$9K
Cash-on-cash
3.85%
DSCR
1.21
Going-in cap
6.70%
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
138,635
Households
52,827
Median income
$79,500
Median age
43.6
Daytime population
125,212
5-yr growth
6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 5002 51 St, Grassland, AB T0A 1V0, Grassland.
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.