Single-tenant triple net investment property on Highway 20 in Sylvan Lake. Purpose-built commercial building on 1.04 acres, CH Highway Commercial zoning, constructed 2005. Two storeys with mezzanine. Open-span construction with high clear ceiling heights and no interior columns through the principal floor area. Owned surface parking with direct highway exposure and access.
Currently leased to Landmark Cinemas of Canada Inc. on a triple net basis at $135,000 per annum, with the tenant responsible for all operating costs and property taxes. Lease expires January 9, 2030. Located in one of Alberta's fastest-growing communities. Building configuration supports a range of alternative uses including recreation, entertainment, food and beverage, medical, childcare, and assembly occupancies.
Essential information
MLS® number
A2333253
Status
Active
Price
$1,999,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
None Known
Building area
12,282 sq ft
Lot size
45,302 sq ft
Year built
2005
Structure
Retail
Listing brokerage
eXp Realty - Sylvan Lake
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
CH
Community
Subdivision
SLBE
City
Sylvan Lake
Province
AB
Postal code
T4S 2J7
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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7 photos$1,650,000336 14 Street NW, Calgary
