1/15Sherwood Park
Sherwood Park, AB T8A4H4
$220,000 total
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Asset Class
Hospitality
Size
—
Building class
C
Zoning
CHY — Highway Corridor
$ / SF
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Occupancy
85%
Lot Size
0 ac
About this property
Excellent location with plenty of parking. Currently running as a Chinese restaurant with 8 VLTs in lounge. Reasonable rent til August 2029 with option to renew for another 5 years. Full kitchen equipment with walk-in cooler, walk-in freezer. Dinning room with over 150 seatings plus a private party room. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$11K
Annual cash flow
$-1K
Cash-on-cash
-2.10%
DSCR
0.89
Going-in cap
4.91%
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
141,485
Households
50,006
Median income
$131,500
Median age
37.9
Daytime population
156,408
5-yr growth
7.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for Sherwood Park.
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.