The Vendor has retained Form Retail Advisors Inc. and National Retail Group (the “Co-Listing Agents”) to facilitate the sale of 10032 101 Street located in Lac La Biche, AB (the “Subject Property”).
10032 101 Street, occupied by The Bargain! Shop has been the retail destination for Lac La Biche and the surrounding area since 1994. Situated on a 40,511 square foot lot, the 15,022 square foot single-tenant asset is the main retail draw as a one-stop shop for all residents and travelers along Highway 881.
- Quality tenant (The Bargain! Shop) singed to a long-term lease with stable income stream.
- Tenant has been in place since 1994.
- The tenant is obligated to report annual sales and has a long-standing history of very strong performance at this location.
- Year 1 NOI is $138,954.
Offered at $1,975,000 (~7.00% cap rate)