The Vendor has retained Form Retail Advisors Inc. and National Retail Group (the “Co-Listing Agents”) to facilitate the sale of 2904 50th Avenue located in Lloydminster, AB (the “Subject Property”).
The Subject Property consists of a 20,677 square foot lot occupied by Shell Gas Station with a gas bar and approximately 1,000 square foot convenience store building, situated at the intersection of 50th Avenue and 27th Street along an automotive node.
- Originally constructed in 1980, the premises were completely reconstructed in 2016 at the expense of the tenant.
- Shell Gas Station has occupied this corner site for over 30 years and is a long-standing staple in Lloydminster.
- The property has excellent access to Yellowhead Highway and is within close proximity to national retailers including Home Hardware, Southridge Centre, Canadian Tire, Safeway and Loblaws “No-Frill’s”.
- Year 1 NOI is $92,000.
Offered at $1,535,000 (~6,00% cap rate)