1051 Parsons Rd Sw, Edmonton, Ab T6x 0x2 - Freestanding CONDO FOR SALE


Edmonton, AB - South
$1,200,500 CAD
587-407-2591
1051 Parsons Rd Sw, Edmonton, Ab T6x 0x2, Edmonton, AB for Sale
$1,200,500 CAD
Freestanding CONDO - FOR SALE
1/9
null | 5% Cap Rate

1051 Parsons Rd Sw, Edmonton, Ab T6x 0x2
Edmonton, AB
South


HIGHLIGHTS

  • Prominent corner commercial unit with enhanced visibility and frontage
  • End-cap style configuration allowing for strong signage presence and customer recognition
  • Strong vehicular and local traffic flow supporting day-to-day business operations

OVERVIEW

TENANT – AAA-QUALITY, LONG-TERM OCCUPIER ~Tenant: Chaiiwala ~Use: Quick-Service Restaurant / Café ~Tenant Profile: AAA-quality food & beverage operator with a long-term commitment to the location under a 10-year net lease. The tenant has completed substantial fixturing, absorbed operating costs, and is contractually locked into stepped rent escalations through 2035, providing institutional-style income security for the owner. ~AAA-quality tenant secured under a 10-year net lease ~Corner commercial unit with superior exposure and visibility ~Fully net lease — tenant pays property taxes, condo fees, and operating costs ~Built-in rent escalations to $40.00 PSF ~Predictable, step-up NOI profile with zero expense leakage ~Rent-free inducement already absorbed by the landlord

FOR SALE DETAILS

PRICE

$1,200,500 CAD

PRICE/SF

$700 CAD /SF

CAP RATE

5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

54,402 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

230

LAND DETAILS

LAND ACRES

7.43 AC

LAND SF

323,651 SF

ZONING

CSC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rui Yang2123635 Alberta Ltd.More Info
587-407-2591

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Rui Yang2123635 Alberta Ltd.More Info
587-407-2591

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