100% Leased NNN Investment - Grocery-Anchored Crowsnest Mall
$5,900,000
11001 20 Avenue, Blairmore, AB T0K 0E0, Canada
9.69
Cap Rate
46,938 sqft
Building Size
Details:
Description:
FRE Auctions, Paul Ramikie CCIM & RE/MAX R.E. (Mountain View) are pleased to present this Online Auction Plus® Event (allows for conditions) for the renowned Crowsnest Mall in beautiful Blairmore, Alberta.
Investment/Property Highlights:
High Income-Producing Asset: 9.7% CAP RATE at starting bid
Passive Investment Opportunity: all 9 units are on NNN leases
Anchored by IGA (Sobeys) Grocery Store
Robust and Diverse Tenant Mix: includes notable tenants such as IGA, Bank of Nova Scotia, Red Apple, a medical clinic, and a pharmacy
Limited Area Competition: the property enjoys a competitive advantage in the area
Heavy Day Time Traffic
Less than 600 m from HWY 3
Multifamily Development Opportunity: ±2.5 acres of excess land included in sale
Seller has improved the roof
±46,940 sf ($126/sf) on ±7.79 acres
Built in 1976; Renovated in 1999
Documents:
| Title | ||
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| 481_Flyer.pdf | ||
| Auction Website |
Location
Gallery
