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Benefits
Asking Price
$1,290,000
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
Here is a rare opportunity to own one of the Landmark buildings of Moose Jaw. The building's entire basement is part of The Tunnels of Moose Jaw tour which is the major tourist attraction in Moose Jaw. The entrance to the basement is also the entrance and start of the historic “Passage to Fortune” tour of The Tunnels of Moose Jaw, and showcases the historic Passage to Fortune tour highlights. Located in the heart of downtown Moose Jaw, it boasts arguably the best commercial real estate location in Moose Jaw. The building consists of approximately 18,450 square feet (on three levels) of leasable space with 13,170 sq. ft. of space presently leased. Extensive renovations have been completed on this building, thus the entire building looks new up and down, in and out. The property also boasts a 3,150 sq. ft. parking lot (11 parking stalls) with rental potential as well. This prime real estate is directly east of Moose Jaw's Mosaic Place Stadium, home of the WHL hockey team – The Moose Jaw Warriors. In addition, this parcel lies within close proximity to other popular tourist attractions and amenities. So it is perfect for someone to buy the building and use the main floor for their own business. The second floor, which is approximately 5,2800 sq. ft., currently 1750 sqft is leased, and the 2nd floor has the potential to generate a triple net rent of about $30,000./annually. All measurements are as per SAMA. The 2nd floor is also for rent at $7.5/sqft net, see MLS # SK913538 (id:39198)
Location
Province
Saskatchewan
City
Moose Jaw
Address
108 Main Street N
Postal Code
S6H3J7
Location Highlights
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Listed by
Royal LePage Next Level Saskatchewan 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
18,450
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
$1,290,000
Asking Price
$1,290,000
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)
18,450
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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