For Lease · Specialty

8200 Franklin Avenue, Fort McMurray

8200 Franklin Avenue, Fort McMurray, AB T9H2H9

$25 Yearly

1,650 SF

Asset Class

Specialty

Size

1,650 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$0

Occupancy

89%

Year Built

2002

Lot Size

1.5839972451790634 ac

About this property

FOR LEASE – 8200 Franklin Avenue, Fort McMurray, Alberta | Affordable, highly visible commercial space available in a prominent Downtown Fort McMurray location. Offering approximately 1,650 SF of flexible open-shell space, this unit features large storefront windows, separate exterior entrances and excellent exposure along high-traffic Franklin Avenue.The space is roughed in for washrooms and includes a substantial underfloor storage area. Its versatile layout is well suited to a wide range of FRA1-zoned commercial uses, including retail and specialty shops, professional offices and services, personal services, health and medical clinics, fitness or wellness studios, and education or training centres.The property is directly attached to the Merit Hotel, which offers 160 guest rooms and provides the potential for a built-in customer base. It is also conveniently located near Keyano College, the Suncor Community Leisure Centre, surrounding medium- and high-density residential developments, and the downtown commercial core.The property is within walking distance of the Riverfront Revitalization Area, which is currently underway and will reconnect the community with the Clearwater River system through an enhanced waterfront experience and beautiful natural surroundings.Operating costs and utilities—including power, water and natural gas—are included in the rent. Ample on-site parking and flexible lease terms are also available.Whether you are launching a new venture or expanding your presence in the Fort McMurray market, this high-exposure downtown location offers excellent potential to establish a distinctive commercial presence.Contact us directly for additional information or to arrange a private tour. (id:66811)

Financial sandbox

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Estimate
Purchase price$25
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

3.46%

DSCR

1.19

Going-in cap

6.58%

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
Meridian Health Group581 SF2029-11
Meridian Health Group892 SF2029-11

Area demographics

Trade area within 3 miles of the property.

Population

96,536

Households

33,658

Median income

$95,500

Median age

45.3

Daytime population

137,152

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 8200 Franklin Avenue, Fort McMurray.

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.