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For Lease · Specialty

114, 5301 43 Street, Red Deer

114, 5301 43 Street, Red Deer, AB T4N1C8

$16.5 Yearly

1,613 SF

Asset Class

Specialty

Size

1,613 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

84%

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 open for your ideas and perfect for any retail business! 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
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-1.50%

DSCR

0.92

Going-in cap

5.09%

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
Prairie Coffee Roasters902 SF2030-06
Prairie Coffee Roasters455 SF2030-06

Area demographics

Trade area within 3 miles of the property.

Population

108,525

Households

38,441

Median income

$113,000

Median age

31.5

Daytime population

178,723

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 114, 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.