For Sale · Hospitality

6011 49 St, Barrhead

6011 49 St, Barrhead, AB T7N1N1

$2.8M total

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Asset Class

Hospitality

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

99%

Year Built

1976

Lot Size

3.2 ac

About this property

Excellent opportunity to acquire a full-service hospitality property situated on approximately 3 acres in Barrhead, Alberta. The property offers multiple established revenue streams through hotel accommodations, food and beverage operations, VLTs, and banquet and event business.• 52 guest rooms and suites• Complimentary hot breakfast included with guest stays, a unique offering in the Barrhead hotel market• 9 VLTs providing an additional revenue stream• Crown & Derby Pub, a separate licensed pub and bar operation• Garden Court Café, a separate full-service restaurant• Large banquet and event facility with approximately 200 seats• Approximately 120 restaurant seats and 80 lounge seats• Full commercial kitchen• Conference and meeting facilities• Approximately 3 - acre site with ample on-site parking• Excellent visibility and convenient access• Multiple revenue streams from hotel rooms, restaurant, pub, VLTs, banquets and events• Offered at $2,750,000• Financial information available to qualified purchasers upon execution of an NDA (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.75M
Down payment30% · $825K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$218K

Annual cash flow

$65K

Cash-on-cash

7.89%

DSCR

1.43

Going-in cap

7.91%

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

41,409

Households

15,264

Median income

$67,500

Median age

38.4

Daytime population

53,907

5-yr growth

8.1%

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

Secure deal room

Confidential diligence documents for 6011 49 St, Barrhead.

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.