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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$695,000
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
Downtown High River commercial building with two separate rental units. Built in 1945 but completely refurbished in 2014. Cinder block and brick construction with a flat membrane roof covered with built up tar and gravel. The effective age is estimated at 10 years with a 50 year life expectancy. Street parking and parking lot next door owned by Town of High River for free customer and client. Owner occupied wishing to lease back from buyer for one year in bay #1. Tenant in bay#2 has lease in place. Call for financial details on revenue and expense shows a 7% cap rate. (id:39198)
Location
Province
Alberta
City
High River
Address
515 1st Street Sw
Postal Code
T1V1M5
Location Highlights
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Listed by
CENTURY 21 FOOTHILLS 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
4,421
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
$695,000
Asking Price
$695,000
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)
4,421
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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