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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,350,000
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
Introducing a prime land opportunity 12.64-Acre HWY Frontage Parcel - Gasoline Alley West, Red Deer Alberta- This commercial real estate opportunity positions you strategically, offering high visibility to 37,000 plus daily commuters and the chance to embrace a range of possibilities, whether for a bustling retail hub or a thriving commercial center. Direct access to the economic hubs of Edmonton and Calgary ensures seamless connections, complementing Red Deer's vibrant community. Benefit from the flexibility of versatile C-2 zoning, empowering you to craft vibrant retail spaces or commanding professional environments that align with evolving commercial needs. Immerse yourself in a thriving community boasting esteemed establishments like Brush-Floss Children Dentistry, PerioPartners, HUB Insurance, CBI Health, Legacy Monuments, Volkswagen, along with major anchors such as Costco, Trail Appliances, Leons Furniture, Hampton Inn, and more. These established businesses enhance the vibrancy of the location and add to its appeal. Here lies a prime opportunity to secure your slice of Gasoline Alley West claim your stake in Red Deer's commercial legacy. This lot could be further subdivided. The services run along the north boundary and require to be stubbed into each of the proposed lots, at developer’s cost. This lot is zoned as General Commercial District (C-2). The offsite levies have been paid on this parcel. (id:39198)
Location
Province
Alberta
City
Red Deer
Address
34 Mckenzie Crescent
Postal Code
T4S2H4
Location Highlights
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Listed by
eXp Realty 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
$3,350,000
Asking Price
$3,350,000
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
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