NONE
FOR SALE
$2,500,000
PURCHASE PRICE
500, 650 South Railway Avenue , Drumheller · T0J0Y6
RETAIL · BUILT 2018
MLS A2234301 · 379 DAYS ON MARKET
Interested in this commercial property?
JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.
RE/MAX Complete Realty · Calgary
ABOUT THIS PROPERTY
We are pleased to present the opportunity for an investor to acquire a Commercial Retail Building located at 500, 650 South Railway Avenue in Drumheller, Alberta. Offered at an attractive 6.00% CAP rate. The offering consists of one freestanding building that is operating as a Mark’s Work Wearhouse. The tenant is operating on a long-term, carefree NNN lease providing a stable cash-flow investment. Commercial Retail Building located in a busy shopping area with other national businesses such as Canadian Tire, A&W, ATB, Boston Pizza, McDonalds, Edo Japan, and Quesada. Drumheller is nestled in the heart of Alberta’s Canadian Badlands, about 110km northeast of Calgary. It’s famously known as the Dinosaur Capital of the World - and it wears that title proudly, supporting a trade area of approximately 40,000 residents. The local economy features diverse industries including oilfield and agribusiness, enhanced by the surrounding hoodoos, canyons, and fossil-rich terrain that drive tourism and reinforce the area’s retail sector. PLEASE RESPECT TENANTS PRIVACY
DETAILS
TRANSACTION
- TRANSACTION
- For Sale
BUILDING
- TYPE
- Retail
- YEAR BUILT
- 2018
COMMUNITY
- COMMUNITY
- NONE
- ZONING
- C4
- POSTAL CODE
- T0J0Y6
UTILITIES & COSTS
- ANNUAL TAXES
- $25,782