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1051 Parsons Rd Sw, Edmonton, Ab T6x 0x2
Edmonton, AB
Retail Property For Sale
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54,402 SF
Investment Highlights
- Prominent corner commercial unit with enhanced visibility and frontage
- Strong vehicular and local traffic flow supporting day-to-day business operations
- End-cap style configuration allowing for strong signage presence and customer recognition
Property Facts
| Total Building Size | 54,402 SF | Typical Floor Size | 27,201 SF |
| Property Type | Retail (Condo) | Year Built | 2010 |
| Property Subtype | Freestanding | Lot Size | 7.43 AC |
| Building Class | B | Parking Ratio | 4.23/1,000 SF |
| Floors | 2 | ||
| Zoning | CSC - Shopping Centre Zone | ||
| Total Building Size | 54,402 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Freestanding |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 27,201 SF |
| Year Built | 2010 |
| Lot Size | 7.43 AC |
| Parking Ratio | 4.23/1,000 SF |
| Zoning | CSC - Shopping Centre Zone |
Amenities
- Bus Line
- Air Conditioning
1 Unit Available
Unit 1051
| Unit Size | 1,715 SF | Cap Rate | 5.00% |
| Condo Use | Retail | NOI | $43,868.30 USD |
| Sale Type | Investment |
| Unit Size | 1,715 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $43,868.30 USD |
Description
~Property Type: Commercial Retail / Food & Beverage Condo
~Unit Size: 1,715 sq. ft.
~Configuration: Corner unit with superior visibility and exposure
~Parking: Surface parking on site
~Condominium ownership — defined responsibilities and straightforward underwriting
PRICING & VALUATION
~In-Place NOI (Years 1–2): $60,025
~Asking Price: $1,200,000
~Cap Rate: 5.00% (based on in-place NOI)
~Forward NOI of $68,600 supports long-term value appreciation.
OFFERING NOTES
~Private transaction – no brokerage commission
~Confidential offering;
~Further Information available to Serious Buyers
~Do not disturb tenant
Sale Notes
TENANT – AAA-QUALITY, LONG-TERM OCCUPIER
~Tenant: Chaiiwala
~Use: Quick-Service Restaurant / Café
~Tenant Profile: AAA-quality food & beverage operator with a long-term commitment to the location under a 10-year net lease. The tenant has completed substantial fixturing, absorbed operating costs, and is contractually locked into stepped rent escalations through 2035, providing institutional-style income security for the owner.
~AAA-quality tenant secured under a 10-year net lease
~Corner commercial unit with superior exposure and visibility
~Fully net lease — tenant pays property taxes, condo fees, and operating costs
~Built-in rent escalations to $40.00 PSF
~Predictable, step-up NOI profile with zero expense leakage
~Rent-free inducement already absorbed by the landlord
