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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,500,000
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
Click brochure link for more details** Exclusive opportunity to acquire a newly constructed retail centre with two additional commercial development pad sites located in Drayton Valley, Alberta. Horizon Travel Centre is a newly constructed retail centre anchored by Mr.Mike’s, Ace Liquor, and Lube City. The Property was constructed between2015 - 2017. The Property is 100% occupied and has 10,886 square feet ofnet leasable area situated on 3.64 acres of land. There are two servicedand immediately developable pad sites that are 32,615 SF and 39,181 SFin size.Located in Drayton Valley with prominent exposure to 50th Street, theHorizon Travel Centre benefits from strong traffic counts (5,800 vehiclesper day in 2022) and excellent accessibility. Neighbouring propertiesinclude the Petro Canada fuel and convenience and the Best Western PlusAll Suites which both help to draw traffic and customers to the HorizonTravel Centre. The two pad development sites allow an investor anddeveloper to create future upside at the site. Excellent access and exposure to the main arterial road. Average daily traffic counts of 5,800 vehicles per day northbound on 50thstreet (2022). Benefits from the traffic draw of both the Petro Canada and the Best WesternPlus All Suites (id:39198)
Location
Province
Alberta
City
Drayton Valley
Address
2248 50 Street
Postal Code
T0E1Z0
Location Highlights
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Listed by
Honestdoor Inc. 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
10,886
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
$5,500,000
Asking Price
$5,500,000
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)
10,886
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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