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For Lease · Specialty

4937 50 Street, Stettler

4937 50 Street, Stettler, AB T1K4K9

Price on request

3,156 SF

Asset Class

Specialty

Size

3,156 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

95%

Year Built

1977

About this property

MAIN STREET COMMERCIAL SPACE FOR LEASE – FLEXIBLE USE & GREAT EXPOSURE! An affordable opportunity to bring your business to Main Street in Stettler. Previously operated as a barbershop, this versatile space lends itself to a variety of uses, including barbering, aesthetics, massage, nails, wellness services, retail, professional office, studio, or other small business ventures. A large storefront window provides natural light and Main Street visibility, while existing plumbing and a sink offer added flexibility for service-based businesses. The layout could also work well for more than one independent practitioner sharing the 221 FT2 space. Tenant may have the option to sublet a portion of the premises, subject to landlord approval. Have a vision for the space? The landlord is open to discussing renovations for the right tenant looking to customize it to suit their business. Lease rate is $800/month and INCLUDES ALL UTILITIES, WIFI, COMMON AREA MAINTENANCE, TAXES and BUILDING INSURANCE. Tenants also have access to a shared kitchen, rear on-site parking, and a welcoming shared reception, JUST renovated with coffee bar. Located within a collaborative Main Street building alongside other professionals. Available immediately. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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
Vector Robotics1,002 SF2029-01
Vector Robotics2,009 SF2029-01

Area demographics

Trade area within 3 miles of the property.

Population

138,683

Households

61,494

Median income

$63,500

Median age

38.3

Daytime population

207,365

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 4937 50 Street, Stettler.

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.