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$ 6,300,000
Est. payment | /mo
8,589 SqFt
$ 6,300,000
Est. payment | /mo
8,589 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,589 sqft
Price per Sqft $733
Subdivision Haysboro
MLS Listing ID A2324709
Year Built 1989
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Retail
Property Description
An exceptional opportunity to acquire a fully tenanted,dual-tenant net lease investment property located along one of Calgary's most commercially active retail corridors. This 8,589 square foot property sits on a 0.52-acre site with approximately 150 feet of prime frontage along Macleod Trail. The property is anchored by two well-established automotive service brands — Mr. Lube and Midas — occupying 5,000 SF and 3,589 SF respectively. Both tenants operate under net lease structures with renewal options in place,providing investors with stable,predictable income and long-term tenancy certainty. Combined base annual rent is $300,000,reflecting strong in-place cash flow supported by national covenant tenants. The site is zoned C-COR3 F1.0h12,but the neighbouring property has submitted an LOC to MU-2 f4h40,offering future redevelopment potential in one of the city's most sought-after commercial zones. Strategically positioned between Heritage Drive and Southland Drive,the property is surrounded by major retailers including Walmart Supercentre,Superstore,McDonald's,Subway,London Drugs,and major financial institutions. The adjacent Southland LRT Station further reinforces the location's accessibility and long-term commercial demand. This investment presents a rare combination of strong tenancy,irreplaceable Macleod Trail exposure,and future land value upside in a supply-constrained corridor.
Location
Province AB
County Cal Zone S
Area Cal Zone S
Zoning C-COR3 f1.0h12
Direction SW
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Retail
Others
Restrictions None Known
Listed by City Homes Realty
Nearby Locations
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