For Lease · Retail

60a, 585 St. Albert Trail, St. Albert

60a, 585 St. Albert Trail, St. Albert, AB T8N6G5

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

86%

Year Built

2008

Lot Size

0 ac

About this property

An exceptional opportunity to lease a well-appointed, turnkey personal care studio in a prime St. Albert Trail location. This ±868 SF retail/service bay offers direct Trail exposure and the space, layout, and infrastructure to bring your business vision to life. Fully renovated in 2022 and previously operated as a licensed massage therapy clinic (and earlier as a tattoo and piercing studio), the space features a spacious reception with a wood-look counter and mosaic wall, multiple treatment rooms with plumbing and showers, a kitchenette, on-site laundry, and an accessible washroom. Ideal for tattoo artists, estheticians, lash and brow technicians, permanent makeup artists, massage therapists, or other personal care professionals looking to establish or expand their business. With existing improvements and a functional layout already in place, this space offers an excellent opportunity to get your business up and running without starting from scratch. Located on the main level of a residential condominium building in Inglewood with high daily traffic, a covered walkway, and on-site parking. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

100,762

Households

42,504

Median income

$79,000

Median age

45.1

Daytime population

93,814

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 60a, 585 St. Albert Trail, 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.