Business For Sale · Retail

102 6 HIGHWAY N, Watson

102 6 HIGHWAY N, Watson, SK S0K4V0

$449,900 total

2,454 SF

Asset Class

Retail

Size

2,454 SF

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

$183

Occupancy

92%

Year Built

1972

Lot Size

0.15 ac

About this property

Sometimes.... it all comes down to timing! And right now, the timing could not be better. Here is an opportunity for you to make a name for yourself in this location. With the Jansen mine opening in less than 6 months, this corner of the province is seeing a surge of influx! Properly priced homes are selling quick, it is hard to find rentals or short-term lodging, and that means what? It means there are people that are working and are going to be hungry! 2023 Provincial Traffic Counts have this intersection seeing 3,000+ vehicles per day. Presently, I would estimate at least another 1,000! The campground/RV park is booked through the winter. The motor inn next door has ZERO vacancy, and are already booking into 2028-2029. If you can cook, and have a work ethic that matches the clientele's, it is almost impossible for you to fail. Real Estate (land & building) included, plus all equipment, and the owner is willing to train for anyone that would like to revive the perogy business; that was at one time, grossing over $200,000/year! With a welcoming community, and increased population to the surrounding area, the TIME is NOW. Call your agent, or reach out for further information! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$-113

Cash-on-cash

-0.08%

DSCR

1.00

Going-in cap

5.52%

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
Aurora Legal LLP759 SF2034-07
Aurora Legal LLP502 SF2033-07
Aurora Legal LLP400 SF2033-06
Aurora Legal LLP667 SF2033-06

Area demographics

Trade area within 3 miles of the property.

Population

86,111

Households

31,815

Median income

$64,500

Median age

40.2

Daytime population

133,974

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 102 6 HIGHWAY N, Watson.

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.