27 Strathmoor Dr - Retail FOR SALE


Sherwood Park, AB T8H 0C1
$6,250,000 CAD
778-786-8516
27 Strathmoor Dr, Sherwood Park, AB for Sale
$6,250,000 CAD
Retail - FOR SALE
1/12
null | Request Cap Rate

27 Strathmoor Dr
Sherwood Park, AB T8H 0C1


HIGHLIGHTS

  • 100% Leased to Kal Tire Ltd., a corporate tenant responsible for all operating costs, including utilities and day to day management.
  • Since construction in 2006, Kal Tire has continuously operated at this location and maintains four 5-year renewal options.
  • Direct access to Strathmoor Drive and close proximity to Broadmoor Boulevard (22,000 VPD) and Yellowhead Highway (37,000 VPD).
  • 21,742 SF automotive service facility on a 2.52-acre, industrially zoned site, supporting continued automotive and service-oriented use.
  • Located within the Edmonton CMA, Sherwood Park benefits from population growth projected at 11.4% by 2029.
  • More than $9.0 billion in completed or announced capital projects, and continued industrial expansion anchored by Refinery Row.

OVERVIEW

Marcus & Millichap’s Western Canada NNN Group is pleased to present the opportunity to acquire 27 Strathmoor Drive in Sherwood Park, Alberta (the "Subject Property"). The single-tenant 100% automotive service facility is leased to Kal Tire Ltd., one of Canada’s largest independent tire dealers with more than 270 locations across Canada from coast to coast, operating under a landlord friendly triple-net ("NNN") lease, secured by way of corporate covenant. The Subject Property comprises 21,742 SF of leasable area on a 2.52-acre site within Sherwood Park’s Northern Industrial area. The site benefits from direct frontage and access along Strathmoor Drive, with convenient connectivity to Broadmoor Boulevard and Yellowhead Highway. The offering provides stable cash flow with minimal landlord obligations in a strong industrial location.

FOR SALE DETAILS

PRICE

$6,250,000 CAD

PRICE/SF

$287 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kal Tire

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

IM

APN/PARCEL ID

0025496878

ASK ABOUT THIS PROPERTY

Armaan SohiMarcus & MillichapMore Info
778-786-8516

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Armaan SohiMarcus & MillichapMore Info
778-786-8516

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