1/4St. Albert
St. Albert, AB T8N7X6
$1.9M total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
87%
Lot Size
5.3104285422405875 ac
About this property
This commercial Investment Sale opportunity is STANDALONEPAD Site in appx. 6 Acres Retail Plaza (Erin RidgePlaza appx.64,000 square feet) and, located in affluent andrapidly growing community of Erin Ridge North, St. Albert.The unit (910) has around 3059 square feet gross leasablearea, and currently occupied by a stable business. There islong term lease in place and has more than seven (7) yearsleft on the primary lease terms. There is future stepped upincrease towards Net Operating Income as base rents areescalated over the term of lease (Stepped up Base rent).This is an ideal opportunity to generate income investingyour dollars in a safer way in a quality asset with a stableTenant as occupant.Please do not solicit business operator or their employeesdirectly. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$95K
Annual cash flow
$-13K
Cash-on-cash
-2.27%
DSCR
0.88
Going-in cap
4.86%
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
44,642
Households
17,034
Median income
$120,000
Median age
36.1
Daytime population
63,876
5-yr growth
8.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for St. Albert.
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.