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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
With an abundance of Natural, Modern, and Social conveniences, Heritage Pointe offers something for everyone! Assessed at $1,000,000 this is a unique opportunity to own 5000+ sq ft (main floor plus basement) of commercial space. The lower level comprised of 2600sqft could also be leased out separately (the perfect space for a yoga, training or dance studio) – the options are endless! Ideal uses include (but not limited to): Fitness Centre (suspended flooring on main floor and spacious work out area below), Medical, Professional, Financial, Registry/Insurance, Pet Grooming, Health/Beauty, Auto specialty Parts, Sporting Goods, Specialty Gifts and Cannabis outlets for Foothills are currently under consideration at Council. Note: All Uses are subject to Foothills County Land Use by-law such as: Convenience store, Fast food ,Bakery, food processing, offices, Retail, light industrial etc. Heritage Pointe is a community featuring lakeside homes just South of Calgary and is a part of the Municipal District of Foothills No 31. The golf courses at Heritage and down the road are rated as some of the best. In 2005 Heritage Pointe was named as the Community of the Year. Do not miss this outstanding opportunity! There is a detailed appraisal available that shows a value of $1.000,000.00 (id:39198)
Location
Province
Alberta
City
Foothills
Address
360 412 Pine Creek Road
Postal Code
T0L0X0
Location Highlights
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Listed by
RE/MAX Real Estate (Central) 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
5,292
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)
5,292
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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