Vacant-User
818 18 Street, Fort Macleod, Alberta
818 18 St, Fort Macleod, AB T0L 0Z0
Listing Price: $3,960,000
Investment Overview
We are pleased to present the opportunity to acquire 818 18 Street, Fort Macleod, Alberta (the “Subject Property”). The Subject Property features a newly constructed 10,105 SF single-tenant building situated
on a 0.76-acre site, and is 100% secured by strong corporate covenant, Dollarama LP, on a triple-net (“NNN”) lease, providing minimal landlord responsibilities. The investment is secured by a 15-year
initial lease term with multiple renewal options, offering long-term, stable cash flow.
818 18 Street, Fort Macleod, Alberta
Investment Highlights
- Newly Built: Freestanding, newly constructed 10,105 SF single-tenant building situated on a 0.76-acre site, offering effectively zero near-term capital expenditure requirements.
- Corporate Covenant: 100% leased to Dollarama LP, backed by one of the most familiar retail brands in the country and structured with minimal landlord responsibilities.
- Long-Term Lease: New 15-year initial lease term with built in rental rate escalations and multiple renewal options, providing secure, long-term cash flow
- Strategic Location: Located at the corner of 18 Street and Crowsnest Highway (Highway 3), with exposure to approximately 11,000 vehicles per day ("VPD"). The property benefits from highway traffic passing through Fort Macleod, is directly across from the city's largest grocer, and features approximately 146 feet of frontage along Highway 3.
Exclusively Listed By
Listing Price: $3,960,000
Investment Highlights
- Newly Built: Freestanding, newly constructed 10,105 SF single-tenant building situated on a 0.76-acre site, offering effectively zero near-term capital expenditure requirements.
- Corporate Covenant: 100% leased to Dollarama LP, backed by one of the most familiar retail brands in the country and structured with minimal landlord responsibilities.
- Long-Term Lease: New 15-year initial lease term with built in rental rate escalations and multiple renewal options, providing secure, long-term cash flow
- Strategic Location: Located at the corner of 18 Street and Crowsnest Highway (Highway 3), with exposure to approximately 11,000 vehicles per day ("VPD"). The property benefits from highway traffic passing through Fort Macleod, is directly across from the city's largest grocer, and features approximately 146 feet of frontage along Highway 3.
Investment Overview
We are pleased to present the opportunity to acquire 818 18 Street, Fort Macleod, Alberta (the “Subject Property”). The Subject Property features a newly constructed 10,105 SF single-tenant building situated on a 0.76-acre site, and is 100% secured by strong corporate covenant, Dollarama LP, on a triple-net (“NNN”) lease, providing minimal landlord responsibilities. The investment is secured by a 15-year initial lease term with multiple renewal options, offering long-term, stable cash flow.
Exclusively Listed By
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