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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$15,128,360
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
One of a kind opportunity to acquire 32,000 sqft+ building sitting on 2.79 Acres located in downtown Lethbridge with excellent access to the crows nest highway and scenic drive N. Currently operating as a Toy R Us Retail store, this property is shadow anchored by Park Place Mall one of the largest shopping malls in the city and offers immense parking with an opportunity to re-develop, add additional pad sites, or building. Location matter and this site has it all! Do not miss this opportunity to own this property for your own business or add it to your holing portfolio. (id:39198)
Location
Province
Alberta
City
Lethbridge
Address
1
Postal Code
T1J4P2
Location Highlights
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Listed by
URBAN-REALTY.ca 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
32,301
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
$15,128,360
Asking Price
$15,128,360
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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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)
32,301
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
N/A
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