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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$875,000
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
Investment opportunity! This fully tenanted commercial property is located on Alberta Avenue in the Diamond Industrial Area of Spruce Grove. This prime location offers high visibility and easy access to Golden Spike Road and Diamond Avenue. The property features a .33 acre lot with ample parking, and has been well maintained with recent upgrades including new exterior paint, new boiler, renovated upstairs offices, re-paved parking lot and upgraded heating throughout. Zoned M1 - General Industrial. (id:39198)
Location
Province
Alberta
City
Spruce Grove
Address
15a Alberta Av
Postal Code
T7X3A9
Location Highlights
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Listed by
Royal LePage Noralta 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
5,600
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
$875,000
Asking Price
$875,000
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)
5,600
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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