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Gold Bar Shopping Centre 5036 106 Ave NW 21,774 SF 100% Leased Retail Building Edmonton, AB T6A 1E9 $6,260,000 CAD ($287.50 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity for professional/retail users to secure an incoming producing asset.
- Prime corner site 106 Avenue and 50 Street with exposure to 33,600 vehicles per day with easy access to Wayne Gretzky Drive and Sherwood Park Freeway.
EXECUTIVE SUMMARY
A unique multi-tenant investment prominently positioned along the high-traffic 106 Avenue and 50 Street commercial axis, the property benefits from strong visibility and accessibility within the well-established Capilano community. The centre is anchored by popular Catch of the Week grocery store with a complimentary mix of community servicing retail tenancies currently reporting a Net Operating Income of $360,000 per year. Available immediately.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
21,774 SF
Building Class
C
Year Built
1968
Price
$6,260,000 CAD
Price Per SF
$287.50 CAD
Cap Rate
5.75%
NOI
$360,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
2.07 AC
Zoning
CNC - Neighbourhood Convenience Commercial
Parking
150 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
1 of 8
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Gold Bar Shopping Centre | 5036 106 Ave NW
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