$3,400,000
( )
 $18,252 forsale estimated payment Sourced by Back At You

9 Hawkridge Boulevard , Penhold, AB T0M 1R0

Penhold, AB T0M 1R0

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Description

Great investment opportunity for this busy fully leased strip mall in the thriving town of Penhold, with solid long term tenants. This well constructed strip mall was built in 2014 (HAWKRIDGE MARKET SQUARE) on 1.19 acres the corner of highway 2a and Hawkridge Blvd. ( also one block from highway 42 that accesses highway QE2) in a busy shopping centre with numerous tenants in the surrounding CRU properties including Canada Post, IGA, Dairy Queen, Tim Hortons, Subway, IDA, Dentist, Doctors office etc. Penhold is a booming town located 7 minutes from Red Deer, with the relatively recent addition of a Multiplex, new High school, new residential subdivision. Population in the immediate trading area is close to 3000 people and growing with more than 6000 cars drive by everyday seasonally. The building is divided into 10 separate units each with their own HVAC (some tenants occupy more than one unit). Total building square footage is 12670 sq. ft. Tenants include Antler Hill Veterinarian Clinic, Blair's Liquor Store, Piece By Piece Nutrition Inc. , Mullets Barber Shop, Arashi Do Martial arts, Organic Oasis Spa & Salon Ltd. and Oh My Vape. This is the only strip mall in the immediate shopping district which can operate a liquor store (restrictive covenant for surrounding retail in place). CURRENTLY GENERATES $226568/YR NET INCOME WITH ESCALATORS IN PLACE.

Details

MlsA2168434
Listing TypeFor Sale
BuildingnameHAWKRIDGE MARKET SQUARE
SubtypeResale
StatusActive
Year2014
Days On Site79
Listing Provided ByRCR - Royal Carpet Realty Ltd. | Brad Granlund

Features

Sq Feet12,670
ZoningC2
Acreage1.19
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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Learn More About This Property

StateAB
CountyRed Deer County
CityPenhold
Zip CodeT0M 1R0
AreaRed Deer County
Community NameHawkridge Estates
Listing VS Median (in Hawkridge Estates)
Price:
$3,400,000
low | high
Med:
$17
100% of Average
SqFt:
12,670
low | high
Med:
1,260
100% of Average
$ / SqFt:
$268
low | high
Med:
$0
100% of Average
On Site:
79
low | high
Med:
51.000000
100% of Average
Sourced by Back At You
Listing Updated: November 8, 2024 at 7:59:27 AM PST