500, 650 South Railway Avenue
Drumheller, Alberta
MLS® A2234301
$2,500,000
- Status
- Active
- Property type
- Retail
- MLS® number
- A2234301
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2018
1 / 13Listing description
We are pleased to present the opportunity for an investor to acquire a Commercial Retail Building located at 500, 650 South Railway Avenue in Drumheller, Alberta. Offered at an attractive 6. 00% CAP rate.
The offering consists of one freestanding building that is operating as a Mark’s Work Wearhouse. The tenant is operating on a long-term, carefree NNN lease providing a stable cash-flow investment. Commercial Retail Building located in a busy shopping area with other national businesses such as Canadian Tire, A&W, ATB, Boston Pizza, McDonalds, Edo Japan, and Quesada.
Drumheller is nestled in the heart of Alberta’s Canadian Badlands, about 110km northeast of Calgary. It’s famously known as the Dinosaur Capital of the World - and it wears that title proudly, supporting a trade area of approximately 40,000 residents. The local economy features diverse industries including oilfield and agribusiness, enhanced by the surrounding hoodoos, canyons, and fossil-rich terrain that drive tourism and reinforce the area’s retail sector.
PLEASE RESPECT TENANTS PRIVACY
Property summary
- MLS® number
- A2234301
- Property type
- Retail
- Building type
- Retail
- Square footage
- 8,329 sq ft
- Built in
- 2018
- Annual property taxes
- $25,782.29
- Days on market
- 432 days
What would this home cost you?
Based on the $2,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Heartland Real Estate, Drumheller.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.