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Silver Creek Shopping Center 800 Veterans Blvd 19,985 SF 100% Leased Retail Building Airdrie, AB T4A 2G1 $9,559,000 CAD ($478.31 CAD/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
$200k price drop!!! A prime 19,985 square foot retail complex, strategically located on Veterans Blvd in Northwest Airdrie. Established in 2004, the shopping centre spans a 1.90-acre site. It boasts a 100% occupancy rate, with a diverse mix of local businesses as tenants. Investment Highlights: Robust Market Demographics: Airdrie's trading area encompasses a population of 277,441 and is recognized as one of Canada's fastest-growing cities. Favorable Tax Environment: Airdrie offers one of the lowest municipal tax rates in Alberta, with no business, machinery, or equipment taxes. Competitive Property Costs: The city benefits from low property assessment values, enhancing investment attractiveness. With a strong operating history, stable income, and a growing revenue profile, This Shopping Centre presents an exceptional opportunity to acquire a premier neighborhood shopping center at a competitive price per square foot and favorable investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,985 SF
Building Class
C
Year Built
2004
Price
$9,559,000 CAD
Price Per SF
$478.31 CAD
Cap Rate
6.50%
NOI
$621,335 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.90 AC
Zoning
C-1
Parking
55 Spaces (2.75 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
1 of 8
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Silver Creek Shopping Center | 800 Veterans Blvd
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