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Business For Sale · Specialty

33 State Avenue, Fort Assiniboine

33 State Avenue, Fort Assiniboine, AB T0G1A0

$469,000 total

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Asset Class

Specialty

Size

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Building class

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

Lot Size

0.6900000000000001 ac

About this property

Redi Fast Fix-It, a pillar of the community business in the Fort Assiniboine & Woodlands County Area for over 50 years, is now available for your purchase as per recent owner retirement. The professional services include Highly Successful Small Engine & Mechanical Repair Shop w/ flexible operations, Retail, Parts & Tire Sales, 2 Bay Wand Car Wash as well as Propane & Gasoline Station Fuel Sales. Property features 3 lots totaling a sprawling 200’x150’. Buildings include high wall retail display & parts sales space w/ customer waiting areas. A spacious multi bay highwall mechanical shop w/ mezzanine storage & ground floor tooling space. The attached 2 vehicle high wall wand car wash features drive through overhead doors. Buildings feature metal clad exteriors, underfloor heating, supplementary used oil burning heater as well as iconic store front customer friendly wood stove. Drive up metered fuel sales station can be found on the highway side of the property. Asset sale also includes all stock & shop equipment. A real must have highly established, high visibility, community needed business allowing for endless growth opportunity ready & awaiting you in the heart warming historical community of Fort Assiniboine. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$469K

Down payment30% · $141K

Interest rate6.25%

Amortization25 years

Occupancy88%

Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$26K

Annual cash flow

$18

Cash-on-cash

0.01%

DSCR

1.00

Going-in cap

5.55%

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

47,731

Households

21,518

Median income

$117,500

Median age

Daytime population

58,196

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 33 State Avenue, Fort Assiniboine.

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.