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Two Hills Retail Plaza 5002 50 19,635 SF 100% Leased Retail Building Two Hills, AB T0B 4K0 $1,280,849 USD ($65.23 USD/SF) 8.60% Cap Rate
EXECUTIVE SUMMARY
- 19,635 sq.ft. retail/office multi tenant strip mall available
- Property is located in the central business district in the Town of Two Hills
- Fully leased to a diverse tenant mix including a grocery store, ATB Financial, government nonprofit, accounting firm and a local restaurant
- Current NOI $152,678 equates to a 8.6% cap rate at list price
- Concrete block structure with various improvements over the past 5 years
- Property is located in the central business district in the Town of Two Hills
- Fully leased to a diverse tenant mix including a grocery store, ATB Financial, government nonprofit, accounting firm and a local restaurant
- Current NOI $152,678 equates to a 8.6% cap rate at list price
- Concrete block structure with various improvements over the past 5 years
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
19,635 SF
Building Class
C
Year Built
1978
Price
$1,280,849 USD
Price Per SF
$65.23 USD
Cap Rate
8.60%
NOI
$110,173 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.20 AC
Parking
44 Spaces (2.24 Spaces per 1,000 SF Leased)
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Two Hills Retail Plaza | 5002 50
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