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Great Canadian Oil Change 8502 Resources Rd 2,850 SF Retail Building Grande Prairie, AB T8V 6S4 $2,600,000 CAD ($912.28 CAD/SF) 7.01% Cap Rate
Investment Highlights
- Leased on a carefree NNN basis to an established multi-unit operator of the Great Canadian Oil Change banner, in continuous operation since 2018.
- Positioned within a completed bare-land strata development alongside a strong cross-section of daily needs retailers.
- Well-positioned to capitalize on the ongoing population growth of Grande Prairie, one of the fastest growing communities in the region.
- Purpose-built automotive service facility totalling 2,850 SF, combining a high-throughput two-bay quick lube with a complementary automatic car wash.
- Excellent frontage with multiple access points off Resources Road, with exposure to over 23,000 vehicles per day.
Executive Summary
Marcus & Millichap's Western Canada NNN Group is pleased to offer the 100% freehold interest in 8502 Resources Road, Grande Prairie, Alberta (the "Subject Property"), a fully leased, single-tenant NNN investment occupied by Great Canadian Oil Change, a well-established Valvoline franchise operator. This purpose-built 2,850 SF automotive service asset features a two-bay quick lube and automatic car wash, and has been tenant-occupied since 2018 on a carefree triple-net basis through June 30, 2033, delivering secure long-term income with minimal landlord responsibilities. Located at the corner of Resources Road and 84 Avenue, the Subject Property offers excellent frontage, multiple access points, and exposure to over 23,000 vehicles per day, surrounded by national daily needs retailers in one of Northwestern Alberta's fastest growing trade centres.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
2,850 SF
Building Class
B
Year Built
2018
Price
$2,600,000 CAD
Price Per SF
$912.28 CAD
Cap Rate
7.01%
NOI
$182,162 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.49 AC
Zoning
CA - Arterial Commercial
Parking
2 Spaces (0.7 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Nearby Major Retailers
1 of 7
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Great Canadian Oil Change | 8502 Resources Rd
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