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17 Main St Sw 4,042 SF 100% Leased Retail Building Falher, AB T0H 1M0 $413,057 USD ($102.19 USD/SF) 9.80% Cap Rate
Executive Summary
6730 sq ft building with substantial renovations throughout. 3 Newer furnaces, 3 newer A/c's, electrical panel upgraded. 3 phase power.
Tenants include Subway, Lawyer office, Hair Salon, 500 sq ft vacant retail space as of August 15th.
Long term leases signed for anchor tenants. Additional revenue opportunities with unused space.
Tenants include Subway, Lawyer office, Hair Salon, 500 sq ft vacant retail space as of August 15th.
Long term leases signed for anchor tenants. Additional revenue opportunities with unused space.
Financial Summary (Actual - 2025) |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$69,390
|
$17.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,390
|
$17.17
|
| Taxes |
$4,552
|
$1.13
|
| Operating Expenses |
$24,342
|
$6.02
|
| Total Expenses |
$28,894
|
$7.15
|
| Net Operating Income |
$40,496
|
$10.02
|
Financial Summary (Actual - 2025)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $69,390 |
| Annual Per SF | $17.17 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $69,390 |
| Annual Per SF | $17.17 |
| Taxes (USD) | |
|---|---|
| Annual | $4,552 |
| Annual Per SF | $1.13 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $24,342 |
| Annual Per SF | $6.02 |
| Total Expenses (USD) | |
|---|---|
| Annual | $28,894 |
| Annual Per SF | $7.15 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $40,496 |
| Annual Per SF | $10.02 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,042 SF
Building Class
C
Year Built
1966
Price
$413,057 USD
Price Per SF
$102.19 USD
Cap Rate
9.80%
NOI
$40,496 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
C1
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Subway began in Bridgeport, Connecticut, as a submarine sandwich shop started by Fred DeLuca and Peter Buck in the mid-1960s, and the brand later expanded through franchising. The company now focuses on made-to-order sandwiches alongside salads, wraps, cookies, and other menu items served through a broad franchise system. Subway has grown into a globally recognized restaurant brand with a large international footprint and a long-standing emphasis on quick-service meals and customizable menu choices.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Moderately walkable
60/100
Very drivable
80/100
Somewhat bikeable
30/100
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