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.
- 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%