Business For Sale · Retail

208, 2 Herbert Rd, St. Albert

208, 2 Herbert Rd, St. Albert, AB T8N5T8

$174,900 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

83%

Lot Size

6.928548999081727 ac

About this property

Excellent opportunity to acquire a fully equipped restaurant/food-service setup in St. Albert through an asset sale with lease transfer. This approximately 943 sq. ft. space is already configured for food operations and features a functional front service area, customer seating, commercial kitchen, extensive stainless-steel prep space, refrigeration, walk-in cooler/freezer, exhaust system and other key food-service equipment, providing a strong foundation for a new operator without starting from scratch. Ideally positioned in a high-visibility location just off Anthony Henday Drive and Highway 2, the property offers excellent accessibility, exposure to nearby residential communities and abundant parking for customers and staff. A great opportunity for an operator looking to launch, relocate or expand a restaurant, takeout concept, café or other food-related business in a convenient St. Albert location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$175K
Down payment30% · $52K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$808

Projected NOI

$8K

Annual cash flow

$-2K

Cash-on-cash

-3.01%

DSCR

0.84

Going-in cap

4.64%

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

133,490

Households

52,684

Median income

$125,000

Median age

36.1

Daytime population

135,352

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 208, 2 Herbert Rd, St. Albert.

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.