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Two Hills Retail Plaza 5002 50

19,635 SF 100% Leased Retail Building Two Hills, AB T0B 4K0 $1,248,242 USD ($64 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 Facts

Sale Type
Investment
Property Type
Retail
Building Size
19,635 SF
Year Built
1978
Price
$1,248,242 USD
Price Per SF
$64 USD
Cap Rate
8.60%
NOI
$107,368 USD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.38
Lot Size
1.20 AC
Parking
44 Spaces
  • Listing ID: 28136626

  • Date on Market: 4/4/2023

  • Last Updated:

  • Address: 5002 50, Two Hills, AB T0B 4K0

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