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27 Strathmoor Drive, Sherwood Park, AB 27 Strathmoor Dr 21,742 SF Retail Building Sherwood Park, AB T8H 0C1 $6,250,000 CAD ($287.46 CAD/SF)
INVESTMENT HIGHLIGHTS
- 100% Leased to Kal Tire Ltd., a corporate tenant responsible for all operating costs, including utilities and day to day management.
- Direct access to Strathmoor Drive and close proximity to Broadmoor Boulevard (22,000 VPD) and Yellowhead Highway (37,000 VPD).
- Located within the Edmonton CMA, Sherwood Park benefits from population growth projected at 11.4% by 2029.
- Since construction in 2006, Kal Tire has continuously operated at this location and maintains four 5-year renewal options.
- 21,742 SF automotive service facility on a 2.52-acre, industrially zoned site, supporting continued automotive and service-oriented use.
- More than $9.0 billion in completed or announced capital projects, and continued industrial expansion anchored by Refinery Row.
EXECUTIVE SUMMARY
Marcus & Millichap’s Western Canada NNN Group is pleased to present the opportunity to acquire 27 Strathmoor Drive in Sherwood Park, Alberta (the "Subject Property"). The single-tenant 100% automotive service facility is leased to Kal Tire Ltd., one of Canada’s largest independent tire dealers with more than 270 locations across Canada from coast to coast, operating under a landlord friendly triple-net ("NNN") lease, secured by way of corporate covenant. The Subject Property comprises 21,742 SF of leasable area on a 2.52-acre site within Sherwood Park’s Northern Industrial area. The site benefits from direct frontage and access along Strathmoor Drive, with convenient connectivity to Broadmoor Boulevard and Yellowhead Highway. The offering provides stable cash flow with minimal landlord obligations in a strong industrial location.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
21,742 SF
Building Class
C
Year Built
2006
Price
$6,250,000 CAD
Price Per SF
$287.46 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
2.52 AC
Zoning
IM - Medium Industrial
Parking
40 Spaces
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27 Strathmoor Drive, Sherwood Park, AB | 27 Strathmoor Dr
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