For Sale · Retail

St. Albert

St. Albert, AB T8N7X1

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

85%

Lot Size

1.0013719283746556 ac

About this property

Sable Realty is proud to present Sinova Centre @ Erin Ridge, a premier new Class A retail development by Sinova Developments, strategically positioned in the heart of Erin Ridge North, one of St. Alberts most established and affluent communities. This high-profile project will deliver approximately 13,500 SF of modern, architecturally refined commercial space designed to accommodate a dynamic mix of retail, service, professional, food-oriented, and childcare users, including a purpose-built daycare space with dedicated outdoor play area.Thoughtfully planned and prominently situated on approximately 1 acre with exceptional frontage along St. Albert Trail and Ernest Boulevard, Sinova Centre @ Erin Ridge offers outstanding visibility and daily exposure to consistent local and commuter traffic. Surrounded by dense residential neighbourhoods, major commercial anchors, schools, and continued multi-family growth, the development is ideally positioned to serve both established households and ongoing community expansion.With direct connectivity to key arterial roadways linking St. Albert to Edmonton and the greater Capital Region, Sinova Centre @ Erin Ridge represents a prime opportunity for businesses seeking premium positioning within a thriving residential and commercial corridor. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

58,896

Households

22,038

Median income

$65,500

Median age

42.6

Daytime population

77,690

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for St. Albert.

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.