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I have listed a new property at Okotoks. See details here
Leased retail investment for sale in Okotoks, Alberta: a 1,140 sq ft commercial unit already leased to an established pizza franchise operator. Income starts on day one, with no tenant search and no vacancy to fill. THE NUMBERS • Price: $722,000 • Cap rate: 6.0% (Year 1) • Year 1 rent: $38.00/sq ft, Year 1 NOI: $43,320 • Built-in rent increases to $45.00/sq ft by the final year of the lease (about $51,300 NOI) • At the same 6% cap, the final-year income supports a value of about $855,000 WHY THIS ONE This is the lowest entry price in the plaza for a leased unit at a 6% cap. Quick-service food is one of the steadiest tenant types in neighbourhood retail, and this tenant sits in a multi-tenant strip with other everyday-needs businesses (food, personal services and retail) that keep traffic coming all day. Okotoks is one of the fastest-growing towns in the Calgary region, and new homes keep bringing in families who shop close to home. GOOD FIT FOR • First-time commercial investors looking for a turnkey, leased unit • Investors moving out of residential rentals into lower-maintenance commercial income • Holding companies looking to put retained earnings to work • Buyers 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.
