46,940 ft²Retail$5,900,000Sale
46,940 ft²
Retail
$5,900,000
Sale
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Retail Property for Sale, 100% Leased Size: 7.79 Acres District: Blairmore Alberta Legal Description: Parcel C Plan 8188GP Excepting Road Plan 821 0008 Year Built: 1976 / Renovated 1999 Sale Price: Minimum Bid: CAD $5,900,000 2024 Annual Taxes: $44,480.13 ONLINE AUCTION September 19, 2024 5:00 pm MDT (Minimum Bid $5,900,000)
The Space
Asking Price$5,900,000
Available Space46,940 ft²
Property UseRetail
SourceDirect
The Building
High Income-Producing Asset: 9.7% CAP RATE at starting bid • Passive Investment Opportunity: All 9 units are on NNN leases • Anchored by IGA (Sobeys) Grocery Store • Robust and Diverse Tenant Mix: Includes notable tenants such as IGA, Bank of Nova Scotia, Red Apple, a medical clinic, and a pharmacy • Limited Area Competition: The property enjoys a competitive advantage in the area • Heavy Day Time Traffic • Less than 600m from Highway 3 • Multifamily Development Opportunity: ±2.5 acres of excess land included in sale • Seller has improved the roof • ±46,940 sf ($126/sf) on ±7.79 acres • Built in 1976 / Renovated in 1999
Property TypeRetail
Floors1
Building Size46,940 ft²
Lot Size7.79 AC
Up to $500K for Alberta businesses
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