Business For Sale · Retail

Unknown

Unknown, ON

$2.1M total

1,917 SF

Asset Class

Retail

Size

1,917 SF

Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

$1121

Occupancy

90%

Year Built

2023

About this property

Rarely available strata retail condo unit in SW Calgary, offered as a newly built, fully equipped turn-key restaurant with the real estate included. Located in a densely populated community surrounded by low-rise condominium developments, this high-visibility property puts a built-in customer base right at your door, with convenient access to Macleod Trail and James McKevitt Road. For owner-operators, this is truly two investments in one: step into a complete, move-in-ready build-out while building equity in your own property, eliminating landlord risk, lease renewals and rent escalations. For investors, the approx. 2,000 sq. ft. footprint is the size restaurant tenants want most, making it a strong and highly leasable asset. Water is included in the condo fees. Showings are by appointment only. Do not approach the operating business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.15M
Down payment30% · $645K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$128K

Annual cash flow

$9K

Cash-on-cash

1.42%

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
Cascade Foods Inc.1,733 SF2029-03

Area demographics

Trade area within 3 miles of the property.

Population

59,226

Households

22,216

Median income

$71,000

Median age

41.6

Daytime population

65,399

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for Unknown.

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.