Business For Sale · Specialty

3532 137 Ave, Edmonton

3532 137 Ave, Edmonton, AB T5Y1Y7

$80,000 total

0 SF

Asset Class

Specialty

Size

0 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

91%

Year Built

1980

About this property

Confidential restaurant asset sale with lease takeover. Business name and exact location will be disclosed only after execution of an NDA. This offering is for the restaurant assets and leasehold improvements only.An excellent opportunity for an owner-operator, chef, experienced restaurateur or entrepreneur seeking a fully built-out food-service space without the substantial cost and time required to start from scratch. The approximately 1,088 sq. ft. main-floor premises are configured for fast-food, donair and Mediterranean restaurant use and include a functional service counter, commercial kitchen, food-preparation areas and seating for approximately 16 guests.The extensive equipment package includes a commercial oven, walk-in refrigerator, walk-in freezer, three vertical gyro machines, separate donair preparation stations, warmer, commercial grill, two deep fryers, commercial gas stove, three-door beverage cooler, four digital menu screens and additional restaurant equipment.The existing lease runs until February 28, 2031, and includes common parking. The purchaser may introduce their own name, menu and concept.Ideal for continuing a fast-food restaurant or shawarma, donair or other concepts, or launching another approved fast-food operation, or starting your own franchise. Lease details will be provided to qualified purchasers after the NDA is completed. (id:66811)

Financial sandbox

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Estimate
Purchase price$80K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$369

Projected NOI

$5K

Annual cash flow

$986

Cash-on-cash

4.11%

DSCR

1.22

Going-in cap

6.77%

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

71,133

Households

32,166

Median income

$67,000

Median age

41.2

Daytime population

87,935

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 3532 137 Ave, Edmonton.

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.