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5002 50
Two Hills, AB T0B 4K0
Two Hills Retail Plaza · Retail Property For Sale
EXECUTIVE SUMMARY
- 19,635 sq.ft. retail/office multi tenant strip mall available
- Property is located in the central business district in the Town of Two Hills
- Fully leased to a diverse tenant mix including a grocery store, ATB Financial, government nonprofit, accounting firm and a local restaurant
- Current NOI $152,678 equates to a 8.6% cap rate at list price
- Concrete block structure with various improvements over the past 5 years
- Property is located in the central business district in the Town of Two Hills
- Fully leased to a diverse tenant mix including a grocery store, ATB Financial, government nonprofit, accounting firm and a local restaurant
- Current NOI $152,678 equates to a 8.6% cap rate at list price
- Concrete block structure with various improvements over the past 5 years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
19,635 SF
Building Class
C
Year Built
1978
Price
$1,775,000 CAD
Price Per SF
$90.40 CAD
Cap Rate
8.60%
NOI
$152,678 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.20 AC
Parking
44 Spaces (2.24 Spaces per 1,000 SF Leased)
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