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For Lease · Retail

12002 100 Street, Grande Prairie

12002 100 Street, Grande Prairie, AB T8v4J1

$14 Yearly

3,700 SF

Asset Class

Retail

Size

3,700 SF

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

$0

Occupancy

85%

Year Built

1979

Lot Size

1.0897337688973674 ac

About this property

Do you remember when this was once a thriving, extremely popular and packed every day restaurant? Well it sure could be again!! Excellent, highly visible location right on 100 Street! 3,700 square feet of restaurant space available for $14.00 PSF. As a bonus, this Landlord is offering an additional 400 square foot patio area and another 400 square foot storage area on the second floor for free! The new tenant is welcome to use whatever equipment and materials that are currently on site. Basic Rent - $14.00 PSF = $4,316.67 + $215.83 GST = $4,532.50 Total Monthly Basic Rent. Additional Rent - $3,000.00 +$150.00 GST = $3,150.00 Total Monthly Additional Rent. (Additional Rent includes all utilities, waste management, & proportionate share of the hotel property insurance and taxes). Total Monthly Rent Payment = $7,682.50. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$14
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.77%

DSCR

1.10

Going-in cap

6.07%

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
Lakeview Physiotherapy3,152 SF2031-04

Area demographics

Trade area within 3 miles of the property.

Population

69,990

Households

24,971

Median income

$105,000

Median age

33.5

Daytime population

82,314

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 12002 100 Street, Grande Prairie.

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.