804 Main St SE - Storefront Retail/Office FOR SALE


Airdrie, AB T4B 3M1- Outlying
$6,000,000 CAD
604-630-0215
804 Main St SE, Airdrie, AB for Sale
$6,000,000 CAD
Storefront Retail/Office - FOR SALE
1/4
null | 5.86% Cap Rate

804 Main St SE
Airdrie, AB T4B 3M1
Outlying


HIGHLIGHTS

  • Heavy daytime foot traffic
  • lots of natural light
  • close to transit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,000,000 CAD

PRICE/SF

$311 CAD /SF

CAP RATE

5.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,521 SF

ZONING

M3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jon BuckleyMarcus & MillichapMore Info
604-630-0215

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Jon BuckleyMarcus & MillichapMore Info
604-630-0215

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