EXCLUSIVE SALE LISTING HOME DEPOT
OUTPARCEL
5288 - 130 AVENUE SE CALGARY, AB
Partnership. Performance.
Property Highlights -- Four tenants totaling 6,517 sf -- Long term leases in place to 9Rounds, Sports Clips, Massage Heights and Jacks Classic Nails
-- Shadow anchored by Home Depot, Superstore, Canadian Tire, Calgary Co-op, Staples, Walmart, Safeway and Lowes -- Year One NOI of $290,249.82 per annum
-- Lease term of 10 years -- List Price $5,000,000
Pali Bedi, Principal 403.232.4311
[email protected] Fred Clemens, Senior Associate 403.232.4312
[email protected] Puneet Nagpal, Associate 403.232.0725
[email protected] Home Depot Outparcel
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Executive Summary
The Opportunity
Municipal Address: 5288 - 130 Avenue SE Calgary, AB
Avison Young is please to present a unique opportunity to acquire a 100% interest in the Home Depot Outparcel in east Calgary. The Property is a 6,517 sf retail building situated on 25,940 sf (0.60 acres) in the heart of the east Calgary retail area. The property is 100% leased to four strong Tenants with long term leases in place.
Legal Description: A portion of: Descriptive Plan 1313098 Block 8 Lot 5 Excepting thereout all mines and minerals
Jacks Classic Nails & Spa
Building Area: 9Rounds 1,370 sf Sports Clips 1,230 sf Massage Heights 2,547 sf Jacks Classic Nails 1,370 sf
Parking: Surface Parking 30 stalls Parking Ratio 4.62 stalls per 1,000 sf
Deposits can be staged although the initial deposit should be no less than $50,000 and the total deposits upon condition waiver should be no less than $250,000. Offers/bids should indicate the names of the ultimate beneficial owners and their respective interests. Offers/bids should also include terms and conditions of any due diligence period and the closing date. Pricing: $5,000,000.00 Year One NOI: $290,249.82 Cap Rate: 5.75%
Year Built: 2015 Lease Term: 10 years Zoning: C-R3f0.25h18, Commercial – Regional 3
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Access: The area is readily accessible via both Deerfoot Trail and 52nd Street SE; both of which are connected by 130 Avenue SE
Investors are advised that the property is available on an “as is, where is” basis. The list price is $5,000,000 and the property is being offered to the market free of any financial encumbrances.
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Site Coverage Ratio: 25.12%
Offering Guidlines
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Site Size: 25,940 sf more or less (needs to be confirmed)
52 St r
Total 6,517 sf
Financing Available © 2017 Avison Young Real Estate Alberta Inc. All rights reserved. Size and pricing subject to change. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young. Image © 2016 Google