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$250,000

Business Opportunity for Sale

Calgary,
Posted 4 days ago
Description
Business Overview:

Offering: Business sale / Leasehold opportunity
Former Business: Black Pearl Lounge
Address: 1806 35 Street SE, Calgary, AB
Location: Near International Avenue / 17 Avenue SE
Total Leased Area: 6,000SF
Former Lounge Area: 3,400 SF (estimated) Juba Restaurant: 1,000 SF (estimated) Golden Star Auto Repair & Detailing: 1,600 SF (estimated)
Existing Subleases: 2
Sublease Income: Offsets approximately 50% of primary lease costs
Lease Expiry: July 31, 2028
Renewal Option: One 3-year renewal provision
Potential Uses: Restaurant, specialty grocery, food market, lounge or hospitality
Asking Price: $250,000
Parking: Shared surface parking

Business Features:
TWO EXISTING SUBLEASES Juba Restaurant and Golden Star Auto Repair & Detailing provide established subtenant income.APPROXIMATELY 50% LEASE COST OFFSET Existing sublease payments substantially reduce the effective occupancy costs of the primary tenant.3,400 SF FOR YOUR NEXT CONCEPT Former lounge space offers potential for restaurant, specialty grocery, international food market or hospitality operations.6,000 SF TOTAL LEASED AREA Three distinct operating spaces combining an owner-operated opportunity with existing subtenants.STEPS FROM INTERNATIONAL AVENUE Located just off Calgarys celebrated multicultural dining, shopping and retail corridor.ESTABLISHED COMMERCIAL TRADE AREA Surrounded by diverse residential neighbourhoods, international restaurants, specialty food retailers and everyday services.HIGH-TRAFFIC RETAIL ENVIRONMENT Convenient access to 17 Avenue SE and the broader southeast Calgary transportation network.EXISTING HOSPITALITY PREMISES Former lounge configuration provides a starting point for a new food-and-beverage or entertainment concept, subject to required approvals.To inquire on this listing, please contact:
Nouran Youssef / PH: 403-341-4588 / Email: nyoussef@cdnglobal.com

Listing Contacts:
Davin Rowe / PH: 587-896-1142 / Email: drowe@cdnglobal.com
Mahmud Rahman / PH: 403-681-8830 / Email: mrahman@cdnglobal.com

www.cdnglobal.com
403-341-4588

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