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102, 103 & 5401 43 Street 5401 43 St 9,397 SF 100% Leased Retail Building Bonnyville, AB T9N 0B2 $4,400,000 CAD ($468.23 CAD/SF) 6.47% Cap Rate
INVESTMENT HIGHLIGHTS
- Three buildings, featuring Tim Hortons and Mary Brown’s Chicken drive-thrus, along with Little Caesars and NAP Liquor as tenants.
- Convenient ingress and egress with full turning access off 54 Avenue.
- Excellent exposure and access to Highway 28, the main route connecting Edmonton to Bonnyville.
- All tenants operate under carefree NNN leases with minimal landlord responsibilities, secured by strong franchisee and corporate covenants.
- Ample surface parking, including truck parking, across the expansive 2.17-acre site provides convenient access for customers.
EXECUTIVE SUMMARY
Marcus & Millichap Western Canada NNN Group is pleased to present the opportunity for an investor to acquire a QSR drive-thru anchored retail strip centre located at 102 & 103 5401 43 Street in Bonnyville, Alberta (the "Subject Property"). The offering consists of three freestanding buildings that are 100% leased to Tim Hortons (drive-thru), Mary Brown’s Chicken (drive-thru), Little Caesars Pizza, and NAP Liquor. All tenants are secured by strong corporate and franchisee covenants, and are operating on longterm, carefree, NNN leases providing a stable cash-flow investment with future upside via rental rate growth.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,397 SF
Building Class
C
Year Built
2018
Price
$4,400,000 CAD
Price Per SF
$468.23 CAD
Cap Rate
6.47%
NOI
$284,680 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
2.17 AC
Zoning
C-4 - Shopping Centre Commercial District
NEARBY MAJOR RETAILERS
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102, 103 & 5401 43 Street | 5401 43 St
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