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For Sale · Retail

4705 50 Street, Mayerthorpe

4705 50 Street, Mayerthorpe, AB T0E1N0

$419,000 total

3,403 SF

Asset Class

Retail

Size

3,403 SF

Building class

B

Zoning

CSC — Shopping Centre

$ / SF

$123

Occupancy

98%

Year Built

1935

Lot Size

0.6108126721763085 ac

About this property

As this property approaches 100 years of age, it is a historic property in rural Alberta! It is located on an oversized lot, and as the photos show, it is gorgeous! It is set up to operate a restaurant-bistro-coffee shop, and with a simple zoning application, the new owners can live in the house they operate their business from. With a boiler downstairs and a commercial HVAC unit (natural gas) you will have great heat in the winter and AC in the summer!. Also includes a beautiful commercial grade engineered deck with duradeck and aluminum railing, and new eavestroughs several years ago. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$419K
Down payment30% · $126K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$29K

Annual cash flow

$6K

Cash-on-cash

4.43%

DSCR

1.24

Going-in cap

6.87%

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
Northbridge Logistics2,284 SF2034-07
Northbridge Logistics713 SF2034-07
Northbridge Logistics400 SF2034-06
Northbridge Logistics400 SF2034-07

Area demographics

Trade area within 3 miles of the property.

Population

134,153

Households

60,982

Median income

$89,000

Median age

44.9

Daytime population

143,963

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 4705 50 Street, Mayerthorpe.

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.