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500, 650 South Railway Avenue, Drumheller, Alberta T0J 0Y6

MLS® # A2234301

$2,500,000

Property Size 8329
Year Built 2018

Description

We are pleased to present the opportunity for an investor to acquire a Commercial Retail Building located at 500, 650 South Railway Avenue in Drumheller, Alberta. Offered at an attractive 6.00% CAP rate. The offering consists of one freestanding building that is operating as a Mark’s Work Wearhouse. The tenant is operating on a long-term, carefree NNN lease providing a stable cash-flow investment. Commercial Retail Building located in a busy shopping area with other national businesses such as Canadian Tire, A&W, ATB, Boston Pizza, McDonalds, Edo Japan, and Quesada. Drumheller is nestled in the heart of Alberta’s Canadian Badlands, about 110km northeast of Calgary. It’s famously known as the Dinosaur Capital of the World - and it wears that title proudly, supporting a trade area of approximately 40,000 residents. The local economy features diverse industries including oilfield and agribusiness, enhanced by the surrounding hoodoos, canyons, and fossil-rich terrain that drive tourism and reinforce the area’s retail sector. PLEASE RESPECT TENANTS PRIVACY (id:53676)

PROPERTY FEATURES

  • MLS® Number A2234301
  • Price $2,500,000
  • Square Footage: 8329 sqft
  • Property Type: Retail
  • Plan 1812180

Buildings

Constructed Date 2018 Size Exterior 8329 Sqft
Size Interior 8329 Sqft Total Finished Area 8329 Sqft
Type Retail

Land

Acreage No Size Total Text Unknown
Zoning Description C4

BROKERAGE

  • Office: Heartland Real Estate

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