It is located capital city of Alberta and the subject property is situated within the XXXXXXX District along the XXXXXX Trail corridor. XXXXXX Trail represents a major southbound arterial which is transitioning from industrial to more commercial uses. Given the location and the maturity of development, XXXXXXX is essentially built-out. Land use patterns within the area of the subject property are relatively stable.
2. Property Description:
– Two stories 47 room, 3 bed manager suite , 1.24 Acres Land and constructed in 1972 ;
– Leased 1,500Sqft Chines restaurant with$57,143/Y triple net and the lease is up in August 2018;
-Current owner has operated since April 2013 and converted as Franchise motel in 2014.
2014 : $1,018,753, 2015 : $1,234,979, 2016 ; $1,122,742