We are pleased to present the opportunity to acquire 804 Main Street SE in Airdrie, Alberta. The property is a fully leased, triple-net (NNN) investment opportunity featuring a freestanding retail asset anchored by London Drugs, with FYiDoctors as a co-tenant.
Rarely Available: Freestanding 19,268 SF building on 1.68 acres, 100% leased to London Drugs Limited and FYI Eye Care Services and Products Inc.
Secure and Carefree Property: Anchored by London Drugs Limited, providing a stable, long-term investment. London Drugs occupies 86% of the rentable area and contributes 82% of the total net operating income.
Stable and Predictable Cash Flows: London Drugs is in the second year of a ten-year lease with built-in rental escalations, ensuring stable and predictable cash flows.
Strategic Location: The Subject Property is situated in a dense retail node along Main Street SE (with over 14,000 vehicles passing daily), a key arterial route serving Airdrie.