Robert Hinsperger & Associates

Call Direct: 403.860.2107 |

  • Find Your Next Home
    Find Your Next Home
    Want an even more powerful MLS® search experience?
    Scroll down to find out how
Forgot password Extend Verify Contact

Westpark Main Street
West Park (Red Deer) Red Deer T4N 4R7

$169,000
Commercial

Main Photo: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
Photo 1: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
Photo 2: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
Photo 3: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
Photo 4: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
Photo 5: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
Status:
For Lease
Prop. Type:
Commercial
MLS® Num:
A2248207
Thriving Pizza & Street-Food Restaurant in Prime Central Location-Red Deer This is a highly successful and visually appealing pizza and street-food restaurant, ideally located in a vibrant central area. The current owners took over just over two years ago, at a time when the business was underperforming with modest sales and lackluster profits. Since acquiring the restaurant, the owners have undertaken a full-scale renovation. The dining area was expanded and redesigned with tasteful and elegant interiors, including new paint, flooring, ceiling work, and various other upgrades. These enhancements transformed the customer experience and led to a sharp increase in sales. Where there was once no dine-in space, the restaurant now regularly operates at full seating capacity. In addition to the physical upgrades, the menu was completely revamped. The owners diversified the offerings by adding a range of South Asian cuisine and popular street-food dishes alongside the classic Western-style pizzas. This bold shift contributed significantly to the business’s remarkable growth. Annual sales have increased from $117,000 to approximately $300,000. The volume of orders has now reached a point where the team often struggles to keep up with demand. Attached to this email, you will find: Last year's financial statements Sales data from a representative day (June 22, 2025) A breakdown of renovation expenses and improvements Current photos of the restaurant Links to our 5-star customer reviews on Facebook and Google Outstanding Location This restaurant enjoys one of the best possible locations for this type of business. It is surrounded by three schools, a senior living residence, numerous apartment buildings, and both multi-family and single-family homes. It is also just minutes away from Red Deer Polytechnic and offers easy access to a major highway—factors that drive strong dine-in and delivery sales. Key Financials: Monthly sales consistently exceed $30,000 (typically ranging between $25K–$30K) Monthly NNN rent: $2,300 Utilities: approximately $800/month This is a turnkey opportunity to acquire a fast-growing, fully modernized restaurant in a high-traffic area with an excellent reputation and strong future potential. The EBITDA value formula dictates that the market value of this business ought to be $315,000; whereas we have listed at a mere $169k.
Property Type:
Commercial
Property Sub Type:
Business
Transaction Type:
For Lease
Lease Rate:
$2,200.00
Lease Payment Frequency:
Monthly
Lease Measure:
Fixed
Total Building Area:
1,350 sq. ft.
Year built:
1985 (Age: 40)
Bathrooms:
- (Full:-, Half:-)
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Garage:
No
West Park (Red Deer)
Contact the listing realtor for the list
None Known
Num. of Parcels:
0
Region:
Red Deer
Listed Date:
Aug 12, 2025
  • Photo 1: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
    Photo 1 of 5
  • Photo 2: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
    Photo 2 of 5
  • Photo 3: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
    Photo 3 of 5
  • Photo 4: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
    Photo 4 of 5
  • Photo 5: Westpark Main Street: Red Deer Business for lease : MLS®# A2248207
    Photo 5 of 5
Listed by DreamHouse Realty Ltd.
Data was last updated August 13, 2025 at 08:14 PM (UTC)
Robert Hinsperger

Get all the benefits below, by registering today. A better MLS® search and advantage over other buyers and sellers.

Finding a home should be a joy

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.