101 Centre Street N - Retail FOR SALE


Sundre, AB T2P 4Y8
$870,000 CAD
778-652-2425
101 Centre Street N, Sundre, AB for Sale
$870,000 CAD
Retail - FOR SALE
1/8
null | 7.24% Cap Rate

101 Centre Street N
Sundre, AB T2P 4Y8


HIGHLIGHTS

  • 100% leased to Red Apple Stores ULC, a national valueoriented retailer operating 140+ locations across Canada.
  • Leased to Red Apple Stores ULC on a long-term NNN lease with minimal landlord responsibilities and term in place until January 31, 2032.
  • Located at the intersection of Centre Street North and Highway 27 (Cowboy Trail), on the corner of Sundre's primary commercial corridor.
  • 6,539 SF freestanding building on a well-configured site with ample surface parking and efficient access.
  • Red Apple Stores ULC is a national valueoriented general merchandise retailer headquartered in Mississauga, Ontario, operating more than 140 locations
  • In Sundre, Red Apple serves as the dominant general merchandise retailer in the trade area, supported by consistent local demand.

OVERVIEW

We are pleased to present the opportunity to acquire 101 Centre Street North, Sundre, Alberta. The Subject Property is a 6,539 SF freestanding NNN investment situated on a corner parcel at the intersection of Highway 27 (Cowboy Trail) and Centre Street North, Sundre's primary commercial corridor, with direct access from both streets. The property is 100% occupied by Red Apple Stores ULC, one of the area's dominant general merchandise retailers, on a long-term NNN lease with a scheduled rent step, offering stable, passive income in the heart of Sundre's commercial core.

FOR SALE DETAILS

PRICE

$870,000 CAD

PRICE/SF

$133 CAD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Apple Store

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,866 SF

ZONING

C1

APN/PARCEL ID

0021-002-241

ASK ABOUT THIS PROPERTY

Joe GenestMarcus & MillichapMore Info
778-652-2425

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Joe GenestMarcus & MillichapMore Info
778-652-2425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.