1/785208-50 AVE, Glendon
5208-50 AVE, Glendon, AB T0A1P0
$219,000 total
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Asset Class
Retail
Size
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Building class
B
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
96%
Lot Size
0.08499999999999999 ac
About this property
Totally renovated in 2020 this family restaurant is in small town Glendon Alberta. From new front exterior to taking down walls creating an ergomic layout with a brand new kitchen, ceiling, floors, bathrooms, server area, freezer room, sanitize wash centre, 2 x furnaces, air conditioner, reverse-osmosis, hotwater tank, water treatment system, electrical & plumbing. Expanded to 20 tables all quality controlled to bring everything up TO CODE with all the development permits and inspections. Featuring the huge air intake system for the deep fryers and stoves. Professionally cleaned fan & grates. Double double pizza ovens, prep centres, and allllll inventory of the kitchen and restaurant are included in the sale. Itemized list with a few exceptions. Restaurant name and menu is not included. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$15K
Annual cash flow
$3K
Cash-on-cash
4.71%
DSCR
1.26
Going-in cap
6.95%
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
108,765
Households
41,860
Median income
$88,500
Median age
45.4
Daytime population
160,443
5-yr growth
5.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 5208-50 AVE, Glendon.
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.