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2550 16 Ave

3,629 SF Retail Building Cold Lake, AB T9M 0L6 £1,237,308 (£341/SF) 6.70% Net Initial Yield

Shops & Retail Properties Alberta Cold Lake 2550 16 Ave, Cold Lake, AB T9M 0L6

Executive Summary

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.

Attachments

2550-16-Avenue.-Cold-Lake.-OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,629 SF
Building Class
C
Year Built
2020
Price
£1,237,308
Price Per SF
£341
Net Initial Yield
6.70%
NOI
£82,900
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
0.69 AC
Zoning
C1 - Arterial Commercial
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(604) 675-5216

  • Listing ID: 32337009

  • Date on Market: 03/07/2024

  • Last Updated:

  • Address: 2550 16 Ave, Cold Lake, AB T9M 0L6

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© 2024 CoStar Group

2550 16 Ave
(604) 675-5216 x

2550 16 Ave

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Armaan Sohi

(604) 675-5216

(604) 675-5216

Jon Buckley

(604) 630-0215

(604) 630-0215

Joe Genest

(604) 398-4341

(604) 398-4341

Curtis Leonhardt

(604) 638-1999

(604) 638-1999

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