Your email has been sent.
1051 Parsons Rd Sw, Edmonton, Ab T6x 0x2 1,715 SF Retail Condo Unit Offered at $878,053 in Edmonton, AB
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 | Sale Type | Investment |
| Price | $878,053 USD | Cap Rate | 5.00% |
| Price Per SF | $511.98 USD | NOI | $43,902.63 USD |
| Condo Use | Retail |
| Unit Size | 1,715 SF |
| Price | $878,053 USD |
| Price Per SF | $511.98 USD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $43,902.63 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
Nearby Major Retailers
Presented by
1051 Parsons Rd Sw, Edmonton, Ab T6x 0x2
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.