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Red Apple Store 101 Centre Street N 6,539 SF Retail Building Sundre, AB T2P 4Y8 $612,585 USD ($93.68 USD/SF) 7.24% Cap Rate
Investment Highlights
- 100% leased to Red Apple Stores ULC, a national valueoriented retailer operating 140+ locations across Canada.
- Located at the intersection of Centre Street North and Highway 27 (Cowboy Trail), on the corner of Sundre's primary commercial corridor.
- Red Apple Stores ULC is a national valueoriented general merchandise retailer headquartered in Mississauga, Ontario, operating more than 140 locations
- Leased to Red Apple Stores ULC on a long-term NNN lease with minimal landlord responsibilities and term in place until January 31, 2032.
- 6,539 SF freestanding building on a well-configured site with ample surface parking and efficient access.
- In Sundre, Red Apple serves as the dominant general merchandise retailer in the trade area, supported by consistent local demand.
Executive Summary
We are pleased to present the opportunity to acquire 101 Centre Street North, Sundre, Alberta. The Subject Property is a 6,539 SF freestanding NNN investment situated on a corner parcel at the intersection of Highway 27 (Cowboy Trail) and Centre Street North, Sundre's primary commercial corridor, with direct access from both streets. The property is 100% occupied by Red Apple Stores ULC, one of the area's dominant general merchandise retailers, on a long-term NNN lease with a scheduled rent step, offering stable, passive income in the heart of Sundre's commercial core.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,539 SF
Building Class
C
Year Built
1980
Price
$612,585 USD
Price Per SF
$93.68 USD
Cap Rate
7.24%
NOI
$44,351 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.39 AC
Zoning
C1 - Central Commercial
Parking
14 Spaces (2.14 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
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Red Apple Store | 101 Centre Street N
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