Single Tenant Investment Opportunity

10032 101 Street, Lac La Biche, AB Canada

$1,975,000

Price

7%

Cap Rate

$138,954

NOI

Overview
Cap Rate
7%
NOI
$138,954
Building Size
15,022 sqft
Lot Area
0.93 acres
Zoning
C1 - Central Commercial District
Lease Expire Year
January 31, 2020
Description

10032 101 Street, occupied by TB!S (The Bargain! Shop) has been the retail destination for Lac La Biche and the surrounding area since 1994. Situated on a 40,511 square foot lot, the 15,022 square foot single-tenant asset is the main retail draw as a one-stop shop for all residents and travellers along Highway 881. The tenant is obligated to report sales, and has a long-standing history of very strong performance at this location.


TENANT INFORMATION
The Bargain! Shop is owned by Red Apple Stores Inc., a wholly-owned subsidiary of BlackRock Capital Investment Corporation which has a market cap of $457.32M (Jan 2018) and operates a chain of 154 general merchandise stores, proudly serving Canadians in small communities.

Documents
Title
Offering Memorandum
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Location
Gallery