For Lease · Hospitality

8122 Gateway Boulevard, Edmonton

8122 Gateway Boulevard, Edmonton, AB T6E4B1

Price on request

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Asset Class

Hospitality

Size

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Building class

A

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

91%

Year Built

1952

Lot Size

0 ac

About this property

For Lease: 3,836 sq.ft - Restaurant (main) & 1,075 sq.ft. Roof Patio (both to be built-out). Join the most popular bar corridor on Gateway Blvd in Edmonton! Highly visible, sought after location in the Old Strathcona district. Location has instant access to many customers (foot traffic) when you open. Front entrance faces Gateway Blvd which is one of the main roads into downtown Edmonton. Approx 65,000 cars per day drive by this location. Across the street is Station Park. Following bars are a short walk to this location, incl Hudsons, MKT, Cook County, On Edge Brewing, Blues on Whyte, Leopolds. Location is suitable for a restaurant, bar, bakery, etc. DC1 zoning, retail use; 300A electrical, single phase (can be upgraded to 3 phase), new electrical wiring throughout; New plumbing, sewer lines; Commercial HVAC with air conditioning; Utilities separately metered & paid by the tenant; Wheelchair access thru rear; On premise parking not available; 4 existing bathrooms; Seeking NNN lease; Low occupancy costs;Site Influences: High Traffic Area, Back LaneLease Operating Costs Included: Triple Net (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

103,647

Households

38,434

Median income

$67,500

Median age

41.2

Daytime population

128,647

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 8122 Gateway Boulevard, Edmonton.

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.