8502 Resources Road, Grande Prairie, Alberta, Canada

FOR SALE

Investment Overview:

The Vendor has exclusively retained Marcus & Millichap REIS Canada, Inc. to facilitate the sale of 8502 Resources Road, Grande Prairie, Alberta (the "Subject Property"). The Subject Property is a newly built, single-tenant, carefree NNN asset, secured by a long-term lease with a multi-store franchisee, under a well-known national banner.

This 2,960 property sits on 0.49 acres of land and is located in the heart of Grade Prairie, Alberta. Currently, the property is surrounded by ample retail amenities, has 6 parking stalls and is within minutes of Highway 40.

• Municipal Address: 8502 Resources Road, Grande Prairie, AB
• Legal: 1820206; 3 (Bare-land condominium (strata))
• Year Built: 2018
• Zoning: CA - Arterial Commercial
• Tenant: 2054816 Alberta Ltd. (dba Great Canadian Oil Change & Car Wash)
• Commencement Date: April 2018
• Lease Term: 10 years
• Renewal: 3 x 5 years at Fair Market Rent
• Lot Size: 21,344 SF
• Net Leasable Area: 2,850 SF
• Parking: 6 surface stalls
• NOI: FY 1: $155,650
• FY 3: $162,050
• Cap Rate: FY 1: 6.00%
• FY 3: 6.24%

Investment Highlights:

• Leased on a long-term, NNN and carefree basis to a multi-store franchisee, operating under a well-known national banner
• Being offered free and clear of debt - allowing investors to take advantage of attractive financing
• Positioned within a recently completed bare-land condo/strata development with a strong cross-section of daily needs service retailers inclusive of Starbucks, Circle K, and Subway
• Excellent frontage with multiple access points off of Resources Road, with exposure to over 23,000 vehicles per day

Listing Price: $2,595,000

No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals.