8502 Resources Rd - Storefront FOR SALE


Grande Prairie, AB T8V 6S4
$2,600,000 CAD
604-675-5216
8502 Resources Rd, Grande Prairie, AB for Sale
$2,600,000 CAD
Storefront - FOR SALE
1/6
null | 7.01% Cap Rate

8502 Resources Rd
Grande Prairie, AB T8V 6S4


HIGHLIGHTS

  • Leased on a carefree NNN basis to an established multi-unit operator of the Great Canadian Oil Change banner, in continuous operation since 2018.
  • Purpose-built automotive service facility totalling 2,850 SF, combining a high-throughput two-bay quick lube with a complementary automatic car wash.
  • Positioned within a completed bare-land strata development alongside a strong cross-section of daily needs retailers.
  • Excellent frontage with multiple access points off Resources Road, with exposure to over 23,000 vehicles per day.
  • Well-positioned to capitalize on the ongoing population growth of Grande Prairie, one of the fastest growing communities in the region.

OVERVIEW

Marcus & Millichap's Western Canada NNN Group is pleased to offer the 100% freehold interest in 8502 Resources Road, Grande Prairie, Alberta (the "Subject Property"), a fully leased, single-tenant NNN investment occupied by Great Canadian Oil Change, a well-established Valvoline franchise operator. This purpose-built 2,850 SF automotive service asset features a two-bay quick lube and automatic car wash, and has been tenant-occupied since 2018 on a carefree triple-net basis through June 30, 2033, delivering secure long-term income with minimal landlord responsibilities. Located at the corner of Resources Road and 84 Avenue, the Subject Property offers excellent frontage, multiple access points, and exposure to over 23,000 vehicles per day, surrounded by national daily needs retailers in one of Northwestern Alberta's fastest growing trade centres.

FOR SALE DETAILS

PRICE

$2,600,000 CAD

PRICE/SF

$369 CAD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Great Canadian Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

CA

APN/PARCEL ID

0037-834-082

ASK ABOUT THIS PROPERTY

Armaan SohiMarcus & MillichapMore Info
604-675-5216

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Armaan SohiMarcus & MillichapMore Info
604-675-5216

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