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Urban-High Street

8802 100A STREET

8802 100a St, Fort Saskatchewan, AB T8L 0J5

Listing Price: $1,298,000

Cap Rate
6.35%
Tenant Name
Redberry Commonwealth Restaurants LP o/a Pizza Hut
Years Remaining On Lease
3.3
Guarantor
Franchisee Guarantee
Rentable SF
2,576
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.00

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 8802 100a Street, Fort Saskatchewan, Alberta (the "Subject Property"). The Subject Property
represents a stable, freestanding, single-tenant property, tenanted by Redberry Commonwealth Restaurants LP o/a Pizza Hut, successfully operating at this location since 1993. The tenant is operating
on a completely NNN lease with minimal landlord responsibilities.

Investment Highlights

  • 100% occupied and secured by experienced multi-brand franchisee, Redberry Restaurants, operating over 170 restaurants across Canada
  • Carefree, NNN lease with minimal landlord responsibilities
  • Freestanding single-tenant building with high profile pylon sign
  • Well-located with excellent visibility and frontage to Veterans Way Boulevard, providing exposure to over 18,000 VPD
  • Tenant takes care of all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.
  • Flexible C2 zoning allows for a wide range of permitted uses including drive-through services

Exclusively Listed By

Urban-High Street

8802 100A STREET

Listing Price: $1,298,000

Cap Rate
6.35%
Tenant Name
Redberry Commonwealth Restaurants LP o/a Pizza Hut
Years Remaining On Lease
3.3
Guarantor
Franchisee Guarantee
Rentable SF
2,576
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.00

Investment Highlights

  • 100% occupied and secured by experienced multi-brand franchisee, Redberry Restaurants, operating over 170 restaurants across Canada
  • Carefree, NNN lease with minimal landlord responsibilities
  • Freestanding single-tenant building with high profile pylon sign
  • Well-located with excellent visibility and frontage to Veterans Way Boulevard, providing exposure to over 18,000 VPD
  • Tenant takes care of all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.
  • Flexible C2 zoning allows for a wide range of permitted uses including drive-through services

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 8802 100a Street, Fort Saskatchewan, Alberta (the "Subject Property"). The Subject Property represents a stable, freestanding, single-tenant property, tenanted by Redberry Commonwealth Restaurants LP o/a Pizza Hut, successfully operating at this location since 1993. The tenant is operating on a completely NNN lease with minimal landlord responsibilities.

Exclusively Listed By

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