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For Lease · Specialty

116, 5301 43 Street, Red Deer

116, 5301 43 Street, Red Deer, AB T4N1C8

$16.5 Monthly

2,257 SF

Asset Class

Specialty

Size

2,257 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

96%

Year Built

1951

Lot Size

3.85 ac

About this property

If Location and traffic is Important for your business, you have just found the perfect location, Old Brew Plaza is located on Busy Taylor Drive and 43 Street, right by the Hospital and located in the Gorgeous area of Capstone!. This bay is beautifully renovated and would be an amazing fit many retail stores Triple Net is very low and lease rate is excellent for this location. Do not miss out on this opportunity, the rest of the building is fully leased with excellent tenants! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$17
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.92%

DSCR

1.05

Going-in cap

5.82%

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
Meridian Health Group1,229 SF2030-12
Meridian Health Group529 SF2030-12
Meridian Health Group404 SF2030-12

Area demographics

Trade area within 3 miles of the property.

Population

107,676

Households

40,875

Median income

$86,500

Median age

45

Daytime population

157,395

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 116, 5301 43 Street, Red Deer.

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.