For Sale · Hospitality

Cold Lake

Cold Lake, AB T9M1X2

$100,000 total

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Asset Class

Hospitality

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

96%

Lot Size

0.16999999999999998 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$100K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for Cold Lake.

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.