Cold Lake, AB T9M1X2
$100,000 total
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Asset Class
Hospitality
Size
—
Building class
B
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
96%
Lot Size
0.16999999999999998 ac
Incredible opportunity to acquire a fully built-out, quick-service pizza restaurant asset package in a prime, high-traffic location. Formerly a successful Panago Pizza location, this location is being sold as a turnkey asset, including all high-end commercial kitchen equipment, walk-in refrigeration, and premium leasehold improvements.Save hundreds of thousands in startup and construction costs. This space is perfectly set up for an experienced operator to launch their own independent brand or seamlessly convert into a major franchise. Corporate approval has already been secured for conversion into a Red Swan Pizza (additional corporate conversion costs apply).Favourable remaining lease term with options to renew (subject to landlord approval).High visibility, strong neighbouring anchor tenants, and excellent delivery radius demographics. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$462
Projected NOI
$7K
Annual cash flow
$2K
Cash-on-cash
5.51%
DSCR
1.30
Going-in cap
7.19%
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.
Trade area within 3 miles of the property.
Population
134,412
Households
55,988
Median income
$132,500
Median age
34.1
Daytime population
175,971
5-yr growth
5.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Cold Lake.
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.