100% Leased NNN Investment - Grocery-Anchored Crowsnest Mall

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

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