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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,650,000
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
This high traffic location is being offered for sale as an investment opportunity with the second and third floor fully leased. Situated on 68th avenue in Grande Prairie, located directly across from the Eastlink Sports Centre and two High Schools, this concrete building is immersed in a developing business area. With 5,197 Square feet on the main floor vacant and available for any buyer to make their own, this is a property that should not be overlooked. The second floor is currently leased to NuVista Energy with a strong long term lease in place and the third floor is currently owner occupied. The owner is willing to enter into a market rate lease, with terms to be negotiated. To View call your Commercial Realtor® today. (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
10508 67 Avenue
Postal Code
T8W0K8
Location Highlights
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Listed by
RE/MAX Grande Prairie 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
18,214
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
$5,650,000
Asking Price
$5,650,000
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)
18,214
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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