Property Details

Featured in:

Winners:

Featured in:

Winners:

500, 650 South Railway Avenue
Drumheller (A2234301)

$2,500,000
8,329 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

RE/MAX Cascade Realty is 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

Property details

Basic Info

MLS® #
A2234301
Property Type:
Commercial
Subtype:
Retail
Subdivision:
NONE
Price
$2,500,000
Sale/Lease:
For Sale
Size:
8,329 sq.ft.
Year Built:
2018 (7 years old)

Building Info

Structure Type:
Retail
Garage:
No
Fence:
Basement:
No
Inclusions:
Commercial Building Systems

Lot / Land Info

Zoning:
C4

Listing Info

Possession:
Negotiable
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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