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Vacant-User

101 Centre Street N, Sundre, AB

101 Centre St N, Sundre, AB T0M 1X0

Listing Price: $870,000

Cap Rate
7.46%
Gross SF
6,539
Rentable SF
6,539
Price/Gross SF
$133.05
Lot Size
0.39 acres
Year Built
1980

Investment Overview

We are pleased to present the opportunity to acquire 101 Centre Street North, Sundre, Alberta. The Subject Property is a 6,539 SF freestanding NNN investment situated on a corner parcel at the intersection of Highway 27 (Cowboy Trail) and Centre Street North, Sundre's primary commercial corridor, with direct access from both streets. The property is 100% occupied by Red Apple Stores ULC, one of the area's dominant general merchandise retailers, on a long-term NNN lease with a scheduled
rent step, offering stable, passive income in the heart of Sundre's commercial core.

Investment Highlights

  • 100% leased to Red Apple Stores ULC, a national value oriented retailer operating 140+ locations across Canada, with a proven track record in secondary and tertiary markets.
  • Leased to Red Apple Stores ULC on a long-term NNN lease with minimal landlord responsibilities and term in place until January 31, 2032.
  • Prime corner at Centre St N & Hwy 27 (Cowboy Trail) along Sundre's main commercial corridor, offering strong visibility and steady year-round traffic from locals and highway commuters.
  • 6,539 SF freestanding building on a well-configured site with ample surface parking and efficient access.

Exclusively Listed By

Vacant-User

101 Centre Street N, Sundre, AB

Listing Price: $870,000

Cap Rate
7.46%
Gross SF
6,539
Rentable SF
6,539
Price/Gross SF
$133.05
Lot Size
0.39 acres
Year Built
1980

Investment Highlights

  • 100% leased to Red Apple Stores ULC, a national value oriented retailer operating 140+ locations across Canada, with a proven track record in secondary and tertiary markets.
  • Leased to Red Apple Stores ULC on a long-term NNN lease with minimal landlord responsibilities and term in place until January 31, 2032.
  • Prime corner at Centre St N & Hwy 27 (Cowboy Trail) along Sundre's main commercial corridor, offering strong visibility and steady year-round traffic from locals and highway commuters.
  • 6,539 SF freestanding building on a well-configured site with ample surface parking and efficient access.

Investment Overview

We are pleased to present the opportunity to acquire 101 Centre Street North, Sundre, Alberta. The Subject Property is a 6,539 SF freestanding NNN investment situated on a corner parcel at the intersection of Highway 27 (Cowboy Trail) and Centre Street North, Sundre's primary commercial corridor, with direct access from both streets. The property is 100% occupied by Red Apple Stores ULC, one of the area's dominant general merchandise retailers, on a long-term NNN lease with a scheduled rent step, offering stable, passive income in the heart of Sundre's commercial core.

Exclusively Listed By

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