FRANCHISE MOTEL WITH LEASED RESTAURANT IN EDMONTON
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