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Crowsnest Mall 11001 20 Av

56,886 SF 100% Leased Retail Building Blairmore, AB T0K 0E0 £3,867,207 (£68/SF) 8.30% Net Initial Yield

Investment Highlights

  • The property experiences heavy daytime traffic and is located less than 600 meters from Highway 3.
  • Notable tenants include Bank of Nova Scotia, Red Apple, a medical clinic, and a pharmacy.
  • The property is anchored by IGA (Sobeys), a trusted and established grocery chain.

Executive Summary

This is a 100% Leased NNN Investment—Grocery-Anchored Crowsnest Mall for Sale. It offers a strong cap rate, and all nine units are secured with NNN leases.
Just so you know, the rental area is 46,000 SF M/L, and the floor plate is 56,000 SF M/L.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
56,886 SF
Building Class
C
Year Built/Renovated
1976/1999
Price
£3,867,207
Price Per SF
£68
Net Initial Yield
8.30%
NOI
£320,976
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.15
Land Acres
8.60 AC
Zoning
C-3 - Comprehensive Commercial with additional land for Multifamily development.
Parking
110 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
200 ft on 20 Avenue

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Listing ID: 34072600

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 11001 20 Av, Blairmore, AB T0K 0E0

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