For Sale – 4103 4 Avenue South

The Vendor has retained Form Retail Advisors Inc. and Site Finders Real Estate Services Inc. (the “Co-Listing Agents”) to facilitate the sale of its 100% freehold interest in 4103 4 Avenue S, Lethbridge, AB (the “Subject Site”).

The Subject Site is a triple-net investment opportunity consisting of two stand-alone buildings with drive-thru’s, secured by longterm, corporate leases.

Investment Highlights

  • Two-tenant NNN retail asset leased to Parkland Fuel Corp. (corporate covenant of Fas Gas Oil) and Great Canadian Oil Change (GCOC)
  • Long-standing leases with management fees and rental escalations in the near-term
  • Fas Gas Oil is currently in Year 11 of a 15-year lease with a further 3×5 year options to extend
  • GCOC is currently in its first renewal term with expiry for December 2022 and a further 1×5 year option to extend
  • Central location with easy access just off a major traffic interchange for Highways 3, 512, and 4
  • Excellent highway exposure beside a busy Tim Hortons, at a fully-signalized intersection
  • Alberta does not levy a land transfer tax

Asking sale price is $3,900,000 with a CAP of 6.56%

    

joe genest

Joe Genest

Associate Vice President

Joe Genest joined Form in 2014 after spending four years specializing in retail real estate at a multinational brokerage where he began his career as a research analyst. Joe now specializes in the purchase and sale of income-producing assets and development land, as well as in the selection of sites for McDonald’s Restaurants of Canada, on an exclusive basis, throughout British Columbia. Joe is also actively helping Form expand its presence in Alberta and Saskatchewan.

jon buckley

Jon Buckley

Principal

Jon Buckley focuses exclusively on retail investment sales and has become one of the top investment brokers for retail related assets in British Columbia. With more than 10 years’ experience in commercial real estate, Jon has an intimate knowledge of the retail landscape in B.C, allowing him to work extensively with groups at both the private and institutional levels. Jon has brokered a multitude of investment transactions, including enclosed shopping centres, anchored strip malls and plazas, street-front retail properties, mixed-use development sites, single-tenant assets and hotels.