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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,250,000
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
Exceptional opportunity for future development with this 124-acre +/- parcel in the Town of Stony Plain! Positioned prominently on the corner of a busy intersection where Golf Course Road meets Highway 628/79 Ave. This property has excellent exposure, with an estimated 4,480 vehicles per day on Highway 628 and 3,900 vehicles per day on Golf Course Road. The potential here is vast, spanning from high to low density residential and commercial retail development possibilities. This large and distinctive parcel benefits from municipal water and sewer lines adjacent to the property. Conveniently located near multiple residential communities and across from Stony Plain Memorial Composite High School, it currently serves as farmland with a residence on-site. Just a mere 15 minutes from the Acheson Industrial Area and a quick 25-minute drive to Edmonton. Zoned FD (Future Development). (id:39198)
Location
Province
Alberta
City
Stony Plain
Address
27525 79 Av
Postal Code
T7Z1R3
Location Highlights
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Listed by
Royal LePage Noralta Real Estate 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
0
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
$6,250,000
Asking Price
$6,250,000
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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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)
0
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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