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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$11,900,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
The newest, nicest and largest rental development in Whitecourt. Very low vacancy with Gross rents to be in the $800,000 range in the near future. ( By June 1/24 all rents will be $1,695 pm) Built in 2015/16, it has been a favorite since day 1. Each unit is 1,350 sq ft. on 2 levels each with balcony as well as 5 appliances. Very well located in the newest area of Whitecourt. Close to new High School and 2 blocks from Elementary. Great walking trails. A proposed $3 Billion 465 Megawatt Power Plant with an Integrated Carbon Capture and Sequestration component has been recently announced within proximity to this property. Even closer is the announcement of a new 17,000 sq.ft. Shoppers Drug Mart to start summer 2024. (id:39198)
Location
Province
Alberta
City
Whitecourt
Address
8 5577 35 Street
Postal Code
T7S0B5
Location Highlights
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Listed by
RE/MAX ADVANTAGE (WHITECOURT) Alberta listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
52,500
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$11,900,000
Asking Price
$11,900,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
52,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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