11801-11803 48th St NW - Storefront FOR SALE


Edmonton, AB T5W 2Y4- North
$5,399,000 CAD
587-228-8203
11801-11803 48th St NW, Edmonton, AB for Sale
$5,399,000 CAD
Storefront - FOR SALE
1/18
null | 6.04% Cap Rate

11801-11803 48th St NW
Edmonton, AB T5W 2Y4
North


OVERVIEW

The Niazi Group x eXp Realty is pleased to present Beverly Gates, a fully occupied, Dollarama-anchored neighbourhood retail investment in North Edmonton. Offered at $5,399,000, the property generates approximately $325,919 in annual NOI, representing a ~6.04% going-in capitalization rate. The asset comprises approximately 18,763 SF on 1.16 acres, with 100% occupancy across four tenants: Dollarama, Peekaboo Daycare, One Stop Convenience and Cosmic Pizza & Donair. The diversified tenant mix is focused on necessity and service-oriented uses, providing stable in-place cash flow. A key component of the investment thesis is the property's defined 2028 rental repositioning window, when three tenancies representing approximately 88.3% of current base rent mature between February and May 2028. This provides a purchaser with the opportunity to pursue renewals, extend lease term, strengthen covenants and reposition rental rates over the hold period. The property also benefits from a substantial 50,530 SF land base with an undeveloped rear portion identified by ownership for potential future intensification, conceptually in the range of 10–12 residential units, subject to purchaser due diligence and municipal approvals. No value has been attributed to this potential in the asking price. Fully occupied today. Defined rental upside tomorrow. Additional long-term land optionality. Contact The Niazi Group x eXp Realty for access to the Confidential Information Memorandum and additional due diligence materials.

FOR SALE DETAILS

PRICE

$5,399,000 CAD

PRICE/SF

$288 CAD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beverly Gate Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

CB2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Talha NiaziThe Niazi Group x eXp RealtyMore Info
587-228-8203

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

Talha NiaziThe Niazi Group x eXp RealtyMore Info
587-228-8203

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