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Anchored by No Frills; Tenant occupied 75 Hewlett Park Landng 3,823 SF Retail Building Sylvan Lake, AB T4S 2J3 $825,000 CAD ($215.80 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Ideally located in the heart of Sylvan Lake
- Established in a grocery anchored district with notable tenants including No Frills, McDonald's, and Scotiabank
- Ample storefront parking
- High visibility and traffic counts being situated just East of Highway 20 and North of 47 Avenue
- 100% occupied
EXECUTIVE SUMMARY
Prime investment opportunity with a long term tenant, located in the heart of Sylvan Lake. This freestanding building with storefront parking, is ideally situated in an established, grocery anchored commercial district with notable tenants including No Frills, McDonald's, and Scotiabank. Experience high visibility and remarkable traffic counts as a result of being conveniently located just East of Highway 20 and North of 47 Avenue.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,823 SF
Building Class
C
Year Built/Renovated
2001/2005
Price
$825,000 CAD
Price Per SF
$215.80 CAD
Cap Rate
6.50%
NOI
$53,625 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.36 AC
Zoning
CH -Highway Commercial - Highway Commercial District (CH)
Parking
18 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
518’ on 47 Avenue
AMENITIES
- Freeway Visibility
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Booze & Amigos
- Retailer
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Booze & Amigos | Retailer | 99,999 SF | - | Jan 0000 |
NEARBY MAJOR RETAILERS
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SPLM Properties
Anchored by No Frills; Tenant occupied | 75 Hewlett Park Landng
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