G, 404 Mayor Magrath Drive N, LethbridgeG, 404 Mayor Magrath Drive N, Lethbridge — photo 2G, 404 Mayor Magrath Drive N, Lethbridge — photo 3G, 404 Mayor Magrath Drive N, Lethbridge — photo 4G, 404 Mayor Magrath Drive N, Lethbridge — photo 5G, 404 Mayor Magrath Drive N, Lethbridge — photo 6G, 404 Mayor Magrath Drive N, Lethbridge — photo 7G, 404 Mayor Magrath Drive N, Lethbridge — photo 8G, 404 Mayor Magrath Drive N, Lethbridge — photo 9G, 404 Mayor Magrath Drive N, Lethbridge — photo 10G, 404 Mayor Magrath Drive N, Lethbridge — photo 11G, 404 Mayor Magrath Drive N, Lethbridge — photo 12G, 404 Mayor Magrath Drive N, Lethbridge — photo 13G, 404 Mayor Magrath Drive N, Lethbridge — photo 14G, 404 Mayor Magrath Drive N, Lethbridge — photo 15G, 404 Mayor Magrath Drive N, Lethbridge — photo 16G, 404 Mayor Magrath Drive N, Lethbridge — photo 17G, 404 Mayor Magrath Drive N, Lethbridge — photo 18G, 404 Mayor Magrath Drive N, Lethbridge — photo 19G, 404 Mayor Magrath Drive N, Lethbridge — photo 20G, 404 Mayor Magrath Drive N, Lethbridge — photo 21G, 404 Mayor Magrath Drive N, Lethbridge — photo 22G, 404 Mayor Magrath Drive N, Lethbridge — photo 23G, 404 Mayor Magrath Drive N, Lethbridge — photo 24G, 404 Mayor Magrath Drive N, Lethbridge — photo 25G, 404 Mayor Magrath Drive N, Lethbridge — photo 26G, 404 Mayor Magrath Drive N, Lethbridge — photo 27G, 404 Mayor Magrath Drive N, Lethbridge — photo 28G, 404 Mayor Magrath Drive N, Lethbridge — photo 29G, 404 Mayor Magrath Drive N, Lethbridge — photo 30
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Business For Sale · Retail

G, 404 Mayor Magrath Drive N, Lethbridge

G, 404 Mayor Magrath Drive N, Lethbridge, AB T1J3L9

$650,000 total

1,600 SF

Asset Class

Retail

Size

1,600 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

$406

Occupancy

87%

Year Built

1999

Lot Size

0.7840449954086318 ac

About this property

An exceptional opportunity to acquire two established Subway franchise locations in Lethbridge, Alberta, offered together as a multi-unit investment opportunity.Both restaurants are strategically situated in established, high-traffic locations and benefit from the strong brand recognition, proven operating systems, and loyal customer base associated with one of the world's leading quick-service restaurant brands.The portfolio includes two distinct locations: a standalone drive-thru restaurant and a food court location within a university student union building, offering diversified operating environments and customer demographics.With combined annual revenues exceeding $1 million, the two locations are being offered together for $850,000. This represents an attractive opportunity for an owner-operator, established franchisee, or entrepreneur seeking immediate scale and entry into the quick-service restaurant (QSR) industry through an established and recognized franchise system. Attached 2nd listing A2357237. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$39K

Annual cash flow

$3K

Cash-on-cash

1.44%

DSCR

1.08

Going-in cap

5.97%

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
Northbridge Logistics634 SF2027-11
Northbridge Logistics400 SF2027-11
Northbridge Logistics417 SF2027-11

Area demographics

Trade area within 3 miles of the property.

Population

77,890

Households

36,815

Median income

$94,000

Median age

43.7

Daytime population

124,630

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for G, 404 Mayor Magrath Drive N, Lethbridge.

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.