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Urban-High Street

2550 16 Avenue

2550 16 Ave, Cold Lake, AB T9M 0E3

Listing Price: $2,200,000

Cap Rate
6.70%
Gross SF
3,629
Rentable SF
3,629
Price/Gross SF
$606.23
Lot Size
0.69 acres
Year Built
2020

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 201-2550 16 Avenue, Cold Lake, Alberta (the "Subject Property"). The Subject Property represents a stable, income-producing QSR drive-thru operating under well-known national banners, Burger King and The Chopped Leaf. The tenants are operating on completely NNN leases with minimal landlord responsibilities.

Investment Highlights

  • Leased on a NNN and carefree basis to successful franchisees, operating under well-known national banners: Burger King and The Chopped Leaf.
  • New construction, built in 2020.
  • Dual lane drive-thru.
  • Tenants take care of all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.

Exclusively Listed By

Urban-High Street

2550 16 Avenue

Listing Price: $2,200,000

Cap Rate
6.70%
Gross SF
3,629
Rentable SF
3,629
Price/Gross SF
$606.23
Lot Size
0.69 acres
Year Built
2020

Investment Highlights

  • Leased on a NNN and carefree basis to successful franchisees, operating under well-known national banners: Burger King and The Chopped Leaf.
  • New construction, built in 2020.
  • Dual lane drive-thru.
  • Tenants take care of all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 201-2550 16 Avenue, Cold Lake, Alberta (the "Subject Property"). The Subject Property represents a stable, income-producing QSR drive-thru operating under well-known national banners, Burger King and The Chopped Leaf. The tenants are operating on completely NNN leases with minimal landlord responsibilities.

Exclusively Listed By

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