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Horizon Travel Centre 2248 50 St 10,886 SF Retail Building Rocky Rapids, AB T0E 1Z0 $4,950,000 CAD ($454.71 CAD/SF) 7.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent access and exposure to the main arterial road
- Long term leases in place with strong covenants
- Opportunity to bring new tenants to the site and increase yield
EXECUTIVE SUMMARY
Horizon Travel Centre is a newly constructed retail centre anchored by Mr. Mike’s, Ace Liquor, and Lube City. The Property is 100% occupied and has 10,886 square feet of net leasable area situated on 3.64 acres of land. There are two serviced and immediately developable pad sites that are 32,615 SF and 39,181 SF in size.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,886 SF
Building Class
B
Year Built
2017
Price
$4,950,000 CAD
Price Per SF
$454.71 CAD
Cap Rate
7.33%
NOI
$362,835 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
3.64 AC
Zoning
C- GEN - Commercial, General District
Parking
48 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
129’ on 50 Street
NEARBY MAJOR RETAILERS
1 of 2
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Horizon Travel Centre | 2248 50 St
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