Retail Property Sold in Mount Pleasant, Calgary at Xxx-xxx Xx Avenue Nw

Property is current C/S. Available for purchase is a single-tenant Midas location, leased on net a carefree basis, for a 5-year term, with options to renew. This is an ideal hands-free investment, with long-term redevelopment potential due to the current land-use (zoning) in-place. New, 5-year lease-term commencing November 1, 2022 • Net Operating Income: $143,968 • The tenant is responsible for repairs, improvements, and all day-to-day management • Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and the Alberta University of the Arts • Exposure to an average daily vehicle traffic count of 48,000• Within 880 metres of the future Green Line Light Rail Transit (LRT) station at Centre Street N and 16 Avenue NW• Strategic location in a rapidly intensifying urban corridor. Midas has been a tenant since 1988. This property can be acquired with the adjacent retail strip: 630-642 16th Ave NW.

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