Your email has been sent.
3850 Sherwood Dr - Aspen Plaza 987 SF Retail Condo Unit Offered at $526,400 CAD in Sherwood Park, AB T8H 0Z9
Investment Highlights
- Stable, predictable cash flow with a clean and simple lease structure
- Condominium ownership offering limited landlord responsibilities and controlled capital exposure
- Neighborhood retail location with strong daily traffic and built-in customer base
Property Facts
| Total Building Size | 7,119 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 7,119 SF |
| Property Subtype | Year Built | 2018 | |
| Building Class | B | Lot Size | 9.79 AC |
| Zoning | C1 | ||
| Total Building Size | 7,119 SF |
| Property Type | Retail (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 7,119 SF |
| Year Built | 2018 |
| Lot Size | 9.79 AC |
| Zoning | C1 |
1 Unit Available
Unit 550
| Unit Size | 987 SF | Sale Type | Investment |
| Price | $526,400 CAD | Cap Rate | 6.00% |
| Price Per SF | $533.33 CAD | NOI | $31,584 CAD |
| Condo Use | Retail |
| Unit Size | 987 SF |
| Price | $526,400 CAD |
| Price Per SF | $533.33 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $31,584 CAD |
Description
6.00% capitalization rate based on in-place net operating income
Fully leased with consistent rental performance
Condominium ownership – limited landlord responsibilities
Strong tenant profile suitable for neighborhood retail / service use
Ample surface parking and easy access for customers
Attractive entry price compared to replacement cost
Clean title, simple structure, and straightforward underwriting
PROPERTY DETAILS
Unit Type: Commercial Retail / Service Condo
Location: Aspen Plaza, Alberta
Condition: Well maintained
Use : Tenant Operating as Indo-Chinese Restaurant in Place Since 2018
IDEAL FOR
Passive commercial investors seeking predictable income
Investors looking for a long-term hold with inflation protection
Owner-operators wanting income with future flexibility
VALUE & UPSIDE
Strong long-term demand for neighborhood service retail
Potential for future rental upside on renewal
Condominium structure caps unexpected capital exposure
Easy resale due to bite-size price point and clean cap rate
SALE TERMS
Listed by Owner
Serious inquiries only
Further Information available upon Request
Sale Notes
Current Net Rent: $2,632 per month
Annual Net Operating Income (NOI):
$2,632 × 12 = $31,584
Cap Rate: 6.00%
Implied Value:
$31,584 ÷ 0.06 = $526,400
Lease Structure:
Property taxes and condominium fees fully recoverable from tenant on actuals (true net)
Nearby Major Retailers
NNN Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| India Taj |
99,999 SF SF
|
-
|
| Barber Bros Ltd. |
-
|
Jan 0000
|
Presented by
3850 Sherwood Dr - Aspen Plaza
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.