MLS® A2234301 · Active

500, 650 South Railway Avenue

Drumheller, Alberta

$2,500,000

Source-listed price. Confirm sale or lease terms and availability.

Property photographs

Property details

MLS®

A2234301

Status

Active

Property type

Retail

City

Drumheller

Year built

2018

Living area

8329 square feet

Listing brokerage

Heartland Real Estate

About this property

We are pleased to present the opportunity for an investor to acquire a Commercial Retail Building located at 500, 650 South Railway Avenue in Drumheller, Alberta. Offered at an attractive 6.00% CAP rate. The offering consists of one freestanding building that is operating as a Mark’s Work Wearhouse. The tenant is operating on a long-term, carefree NNN lease providing a stable cash-flow investment. Commercial Retail Building located in a busy shopping area with other national businesses such as Canadian Tire, A&W, ATB, Boston Pizza, McDonalds, Edo Japan, and Quesada. Drumheller is nestled in the heart of Alberta’s Canadian Badlands, about 110km northeast of Calgary. It’s famously known as the Dinosaur Capital of the World - and it wears that title proudly, supporting a trade area of approximately 40,000 residents. The local economy features diverse industries including oilfield and agribusiness, enhanced by the surrounding hoodoos, canyons, and fossil-rich terrain that drive tourism and reinforce the area’s retail sector. PLEASE RESPECT TENANTS PRIVACY (id:65883)

Location

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Listing information provided through CREA DDF®. Listing courtesy of Heartland Real Estate. Source attribution · REALTOR.ca

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