For Lease · Retail

10014 100 Ave, La Crete

10014 100 Ave, La Crete, AB T0H2H0

$7,500 Monthly

7,000 SF

Asset Class

Retail

Size

7,000 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

$1

Occupancy

90%

Year Built

1975

About this property

PRIME DOWNTOWN COMMERCIAL SPACE FOR LEASE! Take advantage of approximately 7,000 sq. ft. of versatile commercial space situated on a 0.4-acre property in the heart of downtown La Crete. Previously used as retail space, this building offers excellent frontage, high visibility, and plenty of traffic, with some of La Crete's main restaurants and businesses located right next door. Inside, the building offers a great combination of retail, warehouse, and office space, along with washrooms and plenty of room to configure the property around your business needs. Street and parking lot parking are available, providing convenient access for customers and staff. The size and flexible layout make this an excellent option for a clothing store, furniture showroom, retail outlet, specialty store, showroom/warehouse operation, or a wide variety of other commercial uses. Available immediately at $7,500/month plus NNN expenses.WHY LA CRETE? La Crete is a growing northern Alberta community of over 4,000 people with a surrounding trade area of approximately 9,000. A strong local economy built around agriculture, forestry, trucking, construction, trades, and locally owned businesses draws customers and workers from throughout the surrounding region. With a strong entrepreneurial and family-oriented community, La Crete is an excellent place to establish, expand, or relocate your business. Move your business to La Crete and become part of a strong and growing community! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$8K
Down payment30% · $2K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$35

Projected NOI

$381

Annual cash flow

$-35

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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.3,915 SF2034-05
Cascade Foods Inc.1,470 SF2034-05
Cascade Foods Inc.560 SF2034-05
Cascade Foods Inc.400 SF2034-05

Area demographics

Trade area within 3 miles of the property.

Population

105,232

Households

43,184

Median income

$96,500

Median age

33.4

Daytime population

117,825

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 10014 100 Ave, La Crete.

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.