%20copy.webp)
I have listed a new property at Okotoks. See details here
Leased retail investment for sale in Okotoks, Alberta: a 1,167 sq ft commercial unit (approx.) leased to a well-known national sandwich franchise. It comes with a strong brand tenant, steady income and built-in rent growth, with nothing for you to manage day to day. THE NUMBERS • Price: $778,000 • Cap rate: 6.0% (Year 1) • Year 1 rent: $40.00/sq ft, Year 1 NOI: $46,680 • Built-in rent increases to $44.00/sq ft by the final year of the lease (about $51,350 NOI) • At the same 6% cap, the final-year income supports a value of about $855,800 WHY THIS ONE The tenant is a national franchise brand that Canadians know, the kind lenders and buyers like to see on a rent roll. Sandwich and quick-service food stays busy in every market, and the unit sits in a multi-tenant neighbourhood plaza with other everyday-needs businesses (food, personal services and retail) that bring steady traffic. Okotoks is one of the fastest-growing towns in the Calgary region, with new homes and young families moving in every year. GOOD FIT FOR • Investors who want a brand-name tenant and predictable income • Buyers moving out of residential rentals into lower-maintenance commercial real estate • Holding companies looking to put retained earnings to work • Investors building a portfolio of leased commercial units around Calgary MORE AVAILABLE Other leased units in the same plaza are also for sale at around a 6% cap, so you can buy one or bundle several. The exact location, rent roll and lease details are shared after a signed NDA. Call or text Mohit Dhillon at (587) 719-5523 or email mohit.dhillon@century21.ca. Photo is an illustration only.
