Property Details

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Winners:

330, 8338 18 Street SE
Calgary (A2287492)

$383,000
1,401 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Here is an ESTABLISHED HARDWARE BUSINESS FOR SALE – Riverbend Centre TURN-KEY OPPORTUNITY to own a REPUTABLE HARDWARE BUSINESS in the heart of RIVERBEND CENTRE! This 1,401 Sq Ft Retail Space offers EXCELLENT EXPOSURE within a BUSY Shopping Centre + benefits from UNLIMITED SHARED CUSTOMER PARKING, w/2 parking stalls directly IN FRONT of the STORE! This LONG-STANDING COMMUNITY BUSINESS has built a strong reputation by combining traditional hardware retail with a wide range of specialty services that generate steady foot traffic and repeat clientele. The store is efficiently laid out with a FUNCTIONAL Retail Sales area, Storage room, A/C, and a 2-PIECE WASHROOM, allowing for smooth day-to-day operations. A major advantage of this opportunity is the LEASE RENTAL STRUCTURE (+ GST), with LEASE RATES LOCKED IN UNTIL 2030 WITH ONLY ONE SCHEDULED 3.3% INCREASE, providing predictable occupancy costs. There are 4 YEARS REMAINING ON THE CURRENT LEASE WITH AN ADDITIONAL 5-YEAR RENEWAL, offering long-term stability for the next owner. The business currently operates 9:00 AM – 6:00 PM MONDAY THROUGH SATURDAY AND 10:00 AM – 5:00 PM ON SUNDAYS, serving a LOYAL customer base throughout the surrounding Riverbend and Southeast Calgary communities. In ADDITION to hardware retail products, the business provides numerous IN-DEMAND services including key cutting, re-keying door locks and deadbolts, watch and FOB battery replacement, skate sharpening, tool sharpening, fishing and hunting license sales, UPS and FedEx access point services, tool rental, as well as paint tinting and shaking. These services create MULTIPLE REVENUE STREAMS and bring customers BACK REGULARLY! The business may be purchased TURN-KEY WITH TRAINED STAFF IN PLACE, allowing for a smooth transition and continued operations from day one. With PURCHASING THE EXISTING INVENTORY (INCLUDED in LIST PRICE!), making it easy for the next owner to step in and continue serving the established customer base. THIS IS AN EXCELLENT OPPORTUNITY FOR AN OWNER-OPERATOR OR ENTREPRENEUR TO ACQUIRE A PROFITABLE, SERVICE-ORIENTED RETAIL BUSINESS IN A PRIME COMMUNITY SHOPPING CENTRE LOCATION WITH A SECURE LONG-TERM LEASE! Book today!

Property details

Basic Info

MLS® #
A2287492
Property Type:
Commercial
Subtype:
Retail
Subdivision:
Riverbend
Price
$383,000
Sale/Lease:
For Lease
Size:
1,401 sq.ft.
Year Built:
1996 (30 years old)

Building Info

Structure Type:
Retail
Building Name:
Riverbend Centre
Garage:
No
Fence:
Basement:
No
Inclusions:
Please see the Supplements

Lot / Land Info

Lot Features:
City Lot, Landscaped, Level, Low Maintenance Landscape, Near Public Transit, Near Shopping Center, No Back Lane, Paved, Street Lighting
Utilities:
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Zoning:
C-C2 f1.0h18

Business Info

Business Name:
Riverbend Hardware & More LTD.
Business Type:
Hardware

Materials & Systems

Roof:
Metal
Exterior:
Brick,Stucco,Wood Frame
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Cooling:
Central Air

Listing Info

Possession:
Negotiable
Days on Market:
4
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Grassroots Realty Group Ltd.
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