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Shopping Neighborhood

16 Nelson Drive

16 Nelson Dr, Spruce Grove, AB T7X 3X3

Listing Price: $3,500,000

Cap Rate
6.86%
Gross SF
12,062
Rentable SF
12,062
Price/Gross SF
$290.17
Lot Size
0.98 acres
Year Built
1991

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 16 Nelson Drive, Spruce Grove, Alberta (the "Subject Property"). The Subject Property is anchored by Smitty’s, a well-established casual dining restaurant chain boasting over 80 locations across Canada.
Smitty’s is complemented by essential daily service providers, all operating under fully NNN leases

Investment Highlights

  • Corner-lot retail centre anchored by popular restaurant chain, Smitty's and comprised of strong professional service tenants.
  • The tenants are operating on completely NNN leases, providing the landlord with a stable and consistent revenue stream.
  • Immediate proximity to highway 16A capturing a significant volume of traffic comprised of both local and regional commuters traveling to and from Edmonton.
  • Situated in a bustling retail hub alongside notable area tenants such as Canadian Tire, Shoppers Drug Mart, Safeway, Home Depot, and numerous others.

Exclusively Listed By

Shopping Neighborhood

16 Nelson Drive

Listing Price: $3,500,000

Cap Rate
6.86%
Gross SF
12,062
Rentable SF
12,062
Price/Gross SF
$290.17
Lot Size
0.98 acres
Year Built
1991

Investment Highlights

  • Corner-lot retail centre anchored by popular restaurant chain, Smitty's and comprised of strong professional service tenants.
  • The tenants are operating on completely NNN leases, providing the landlord with a stable and consistent revenue stream.
  • Immediate proximity to highway 16A capturing a significant volume of traffic comprised of both local and regional commuters traveling to and from Edmonton.
  • Situated in a bustling retail hub alongside notable area tenants such as Canadian Tire, Shoppers Drug Mart, Safeway, Home Depot, and numerous others.

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity for an investor to acquire 16 Nelson Drive, Spruce Grove, Alberta (the "Subject Property"). The Subject Property is anchored by Smitty’s, a well-established casual dining restaurant chain boasting over 80 locations across Canada. Smitty’s is complemented by essential daily service providers, all operating under fully NNN leases

Exclusively Listed By

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