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Retail Service-Oriented Property 2 Properties in Medicine Hat, AB
INVESTMENT HIGHLIGHTS
- With 8,700 square feet of undeveloped land available, there is significant potential for future growth.
- The property is newly built, ensuring minimal capital expenditure in the near term.
- The Mixed-Use zoning provides flexibility for additional development, such as drive-thru retail, allowing for further rental income
EXECUTIVE SUMMARY
Retail service-oriented property with an express car wash (Mint Smartwash), Esso gas canopy, 7-Eleven convenience store, and 8,700 sq. ft. of undeveloped land. The property offers 8 regular parking stalls, 24 vacuum/hand drying parking stalls, 4 accessible parking stalls, and immediate access to Dunmore Rd SE. Prime Mixed-Use Property: This newly constructed, mixed-use asset offers a strategic location in Medicine Hat with easy access to the high-traffic Dunmore Road SE. The property features two strong tenants: 7-Eleven/Esso and Mint Smartwash, ensuring stable, long-term income with minimal vacancy risk.
Long-Term Leases: Both tenants are locked into long-term, triple-net leases with an average weighted lease term of 18.31 years. This ensures predictable, steady cash flow over the long term, with minimal landlord responsibilities. Additionally, the leases include contractual rental escalations, providing built-in income growth.
Strong Retail Tenants: The tenants—7-Eleven, a global leader in convenience retail, and Mint Smartwash, an established car wash brand—bring high customer traffic to the site. This enhances the visibility and desirability of the location, making it an attractive destination for retail and service customers alike.
Long-Term Leases: Both tenants are locked into long-term, triple-net leases with an average weighted lease term of 18.31 years. This ensures predictable, steady cash flow over the long term, with minimal landlord responsibilities. Additionally, the leases include contractual rental escalations, providing built-in income growth.
Strong Retail Tenants: The tenants—7-Eleven, a global leader in convenience retail, and Mint Smartwash, an established car wash brand—bring high customer traffic to the site. This enhances the visibility and desirability of the location, making it an attractive destination for retail and service customers alike.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 12,710 SF |
| Number of Properties | 2 | Total Land Area | 4.96 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 12,710 SF |
| Total Land Area | 4.96 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1380 22 St SE, Medicine Hat, AB T1A 7M4 | Retail | 2,818 SF | - | - |
|
Mint Smartwash
1380 22 St SE, Medicine Hat, AB T1A 7M4 |
Specialty | 9,892 SF | 2021 | - |
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Retail Service-Oriented Property
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