The Vendor has retained Form Retail Advisors Inc. and National Retail Group (the “Co-Listing Agents”) to facilitate the sale of 703 Alberta Street located in Brooks, AB (the “Subject Property”).
The Subject Property is a 2,700 square foot, single-tenant Tim Hortons with drive-thru, situated on a 96,703 square foot (2.22 acre) site. With a site coverage of less than 3% and positioning adjacent to Canadian Tire to the south and No Frills to the north, this property presents an excellent opportunity for large format commercial development on the additional lands.
- Single-tenant, new format drive-thru, tenanted by Tim Hortons on a long-term lease.
- Ability to add an additional 15,000 – 20,000 square feet of commercial product on site.
- Year 1 NOI of $81,999.
Offered at $1,500,000 (~5.50% cap rate)