For Lease · Land

2108 Land O' Lakes Drive, Coaldale

2108 Land O' Lakes Drive, Coaldale, AB T1M0C1

Price on request

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

94%

Lot Size

0.65 ac

About this property

PLEASE NOTE – THIS PROPERTY IS FOR LEASE ONLY AND IS NOT BEING OFFERED FOR SALE OR OUTRIGHT PURCHASE.Discover an excellent opportunity with this approximately 0.65-acre vacant lot at 2108 Land O’ Lakes Drive in Coaldale, ideally located just off Highway 3. This high-exposure site offers convenient access and is surrounded by established businesses including Petro-Canada, Tim Hortons, McDonald’s, and Home Hardware.With continued growth, new development, and increasing local activity in the area, this property presents strong potential for business visibility and customer traffic. Take advantage of this prime location in a community known for its accessibility and expanding commercial presence.Build-to-suit lease options available. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

88,453

Households

35,579

Median income

$104,000

Median age

35.3

Daytime population

80,016

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 2108 Land O' Lakes Drive, Coaldale.

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.