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Property Description

We are pleased to present the opportunity for an investor to acquire a Commercial Retail Building located at 500, 650 South Railway Avenue in Drumheller, Alberta. Offered at an attractive 6.00% CAP rate. The offering consists of one freestanding building that is operating as a Mark’s Work Wearhouse. The tenant is operating on a long-term, carefree NNN lease providing a stable cash-flow investment. Commercial Retail Building located in a busy shopping area with other national businesses such as Canadian Tire, A&W, ATB, Boston Pizza, McDonalds, Edo Japan, and Quesada. Drumheller is nestled in the heart of Alberta’s Canadian Badlands, about 110km northeast of Calgary. It’s famously known as the Dinosaur Capital of the World – and it wears that title proudly, supporting a trade area of approximately 40,000 residents. The local economy features diverse industries including oilfield and agribusiness, enhanced by the surrounding hoodoos, canyons, and fossil-rich terrain that drive tourism and reinforce the area’s retail sector. PLEASE RESPECT TENANTS PRIVACY

Address Map
State:
Alberta
County:
Drumheller
City:
Drumheller
Zipcode:
T0J0Y6
Street:
South Railway
Street Number:
650
Street Suffix:
Avenue
Floor Number:
0
Longitude:
W113° 17' 43.5''
Latitude:
N51° 27' 30.9''
Unparsed Address:
500, 650 South Railway Avenue
Direction Faces:
E
MLS Addon
List Office Mls Id:
AW200

Commercial For Sale 650 South Railway Avenue, Drumheller, Alberta T0J0

650 South Railway Avenue, Drumheller, Alberta T0J0Y6

0 Bedrooms
0 Bathrooms
0 Sqft
Visits : 7 in 87 days
$2,500,000
Listing ID #A2234301
Basic Details
Property Type :
Commercial
Property Sub Type:
Retail
Listing Type :
For Sale
Listing ID :
A2234301
Price :
$2,500,000
Bedrooms :
0
Bathrooms :
0
Half Bathrooms :
0
Square Footage :
0 Sqft
Year Built :
2018
Lot Area :
0 Acre
Status :
Active
Days On Market :
362
Agent info
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