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BrokerStudio
Suite of tools & services
Benefits
Sq. Ft. Rate
$1
Lease Rate
N/A
Space Size
N/A
Year Built
N/A
Premise Summary
Very visible and desirable location on the highway between Red Deer and Penhold. Newer well maintained attractive building with ample ground level parking for customers. Current tenants are Canada Post and a retail Cannabis Store creating strong pedestrian traffic. Building is located adjacent to new commercial center with Tim Horton's, Subway, pharmacy, grocery store, doctor & dentist offices, liquor store, gas station, child care etc. Space suitable for yoga/fitness studio, pub &/or restaurant. Penhold is a growing area located 7 minutes South of Red Deer with a population of approximately 3,916 and a trading area of 130,000. Current NNN is approximately $7.60 per sq. ft. Prefer a 5 year lease with escalations to be negotiated. Landlord open to completing improvements for qualified tenant. Property taxes are included in NNN costs. Basic Rent free (Base Rent) for the 1st 6 months of a 5 year lease. This unit can be combined with unit #4 for a total sq. footage of 3,710 sq. ft. Landlord prepared to provide lease and improvement inducements for the right tenant. (id:39198)
Location
Province
Alberta
City
Penhold
Address
3 1370 Robinson Avenue
Postal Code
T0M1R0
Location Highlights
N/A
Listed by
Century 21 Maximum Alberta listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Space Size
N/A
Available Space
N/A
Building Size
1,855
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Sq. Ft. Rate
$1
Asking Price
$1
Rate/yr
N/A
Floor of Lease
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
1,855
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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