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Shopping Neighborhood

4700 53 Avenue

4700 53 Ave, High Prairie, AB T0G 1E0

Listing Price: $840,000

Cap Rate
8.03%
Gross SF
3,644
Rentable SF
3,644
Price/Gross SF
$230.52
Lot Size
0.27 acres
Year Built
2005

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 4700 53 Avenue, High Prairie Alberta (the "Subject Property"). The Subject Property represents a stable, freestanding, single-tenant property, tenanted by Ace Liquor Discounter, which is owned by SNDL Inc, a publicly traded company, operating on a completely NNN lease with minimal landlord responsibilities and renewal options

Investment Highlights

  • Ace Liquor Discounter is owned by SNDL Inc., a publicly owned company and the largest liquor retailer in Canada which boasts over 130 locations throughout Alberta.
  • The tenant is operating on a carefree, NNN lease with minimal landlord responsibilities
  • Situated on Highway 2 and comprised of an 11,712 SF lot zoned C3 – Highway Commercial, which permits for a wide variety of uses including shopping centres, mixed-used buildings, and drive-thrus.
  • Tenants take care of all day-to-day management of the property including snow removal, landscaping, and HVAC maintenance, etc.

Exclusively Listed By

Shopping Neighborhood

4700 53 Avenue

Listing Price: $840,000

Cap Rate
8.03%
Gross SF
3,644
Rentable SF
3,644
Price/Gross SF
$230.52
Lot Size
0.27 acres
Year Built
2005

Investment Highlights

  • Ace Liquor Discounter is owned by SNDL Inc., a publicly owned company and the largest liquor retailer in Canada which boasts over 130 locations throughout Alberta.
  • The tenant is operating on a carefree, NNN lease with minimal landlord responsibilities
  • Situated on Highway 2 and comprised of an 11,712 SF lot zoned C3 – Highway Commercial, which permits for a wide variety of uses including shopping centres, mixed-used buildings, and drive-thrus.
  • Tenants take care of all day-to-day management of the property including snow removal, landscaping, and HVAC maintenance, etc.

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 4700 53 Avenue, High Prairie Alberta (the "Subject Property"). The Subject Property represents a stable, freestanding, single-tenant property, tenanted by Ace Liquor Discounter, which is owned by SNDL Inc, a publicly traded company, operating on a completely NNN lease with minimal landlord responsibilities and renewal options

Exclusively Listed By

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