FOR SALE: Shoppers Park Mall – Fully Leased Retail Asset Anchored by Clasik Home Hardware
List Price: $3,500,000
Address: 300, 305 & 312 Shoppers Park Mall, Grande Cache, Alberta
Now fully occupied by Clasik Home Hardware, this enclosed retail centre offers a rare opportunity to acquire a stabilized, income-producing commercial investment in the heart of Grande Cache’s main commercial corridor. With approximately 20,992 square feet of main floor retail space and an additional 2,229 square feet of finished mezzanine office space, the property provides functionality, excellent visibility, and long-term income security. The building sits on an approximately 27,903 square foot site and is zoned C1 (Commercial Town Centre), allowing for a wide range of permitted uses.
The property underwent a substantial renovation and expansion in 2013/2014, with a major roof upgrade completed in 2019/2020 at a cost of $210,000. The asset is in good overall condition, with an effective age of approximately 15 years and an estimated remaining economic life of 35 to 40 years. Clasik Home Hardware occupies 100% of the space under a triple net lease, covering all operating costs including taxes, insurance, and maintenance. The current net operating income is estimated at $285,613, which reflects a cap rate of approximately 8.16% based on the asking price.
Located in the high-traffic Pine Plaza area, the property benefits from direct access to Highway 40 and is surrounded by other retail, hotel, and service-oriented developments. The adjacent parking lot is owned by the municipality, providing convenience to customers without additional maintenance obligations for the owner.
This is an excellent opportunity for investors seeking a fully leased, low-maintenance retail asset with a strong national tenant and reliable cash flow in a stable Alberta market.
Large Banquet Facility in Calgary. Accommodates 700 people with full kitchen and catering. Suitable for multi-days wedding parties, birthday parties, political conventions, community association events, award ceremonies, Corporate Events, Church Function, Theme Parties, Benefits/Fundraisers, Private Parties, etc...this is a profitable business. The restaurant has a capacity of 700 seating at one time, so for the larger events, this is like a monopoly. With the year ahead bookings, investor will recover the purchase price in 2 years time. 17,000sf, low lease rate of $16/sf. Suitable for operators with banquet experience . To set up such a 17,000 sf space will cost $1.2M to $1.5M, but now you can get this built out for half the price. The condition is good, no renovation required in the next few years.
Listing Brokerage: First Place RealtySupermarket grocery store in a regional mall, lot of parking, 5500sf with mainly Asian food, fresh vegetables, frozen food section, BBQ section, live seafood tanks, well laid out. Currently $2M revenue and climbing, business in operation for 3 years, also wholesale supply to restaurants, wholesale accounts will be assign to the new owner. Profitable business, make money from day one and lots of runway to improve. Proven location and business concept, 7 years lease left. Great lease rate for this caliber of mall location. Customers are draw in by the mall. Seller retires, great opportunity for young persons who want to build something. Suitable for family operation also, especially if you are a BBQ chef. If you open a 5500sf store, the cost will be more than the $650k for renovation/equipment cost... Now the accumulated 3 years of customer is given to you... it is like you are handed the controls after the plane has reached cruising altitude. Making things really clear and easy... no more guessing or chance to make mistakes. $650k. NDA required for further info.
Listing Brokerage: First Place RealtyWell maintained 3 bedroom condo with full basement. Balcony, deck and private back yard. Close to schools,
Listing Brokerage: RE/MAX BOXSHAW FOUR REALTYDreaming of weekends at the COTTAGE combined with a great short term RENTAL income potential! This is the best of both worlds. The current owner has created the ideal mix of blocking off their own time in this cozy year-round cottage property while earning short term rental revenue when they are not there. Ideally set in the south Waterton area mountain views and on the edge of an area private lake, the landscape is as prairie cottage perfect as it gets. Sit on your front deck and enjoy the south western mountain vistas, or the back deck and watch the water fowl float past in this quiet community of Mountain Vista Estates. Year round living in this unique community and even the school bus picks up here. This home is set up with all the year-round comforts for every season whether for you and friends and family, or for your paying guests booking in for an Alberta experience. From summer visitors to Waterton Lakes, the hiking, biking, fishing, and even the winter Castle Mountain skiers – the location will not disappoint no matter the time of year. This home has been newly updated including many upgrades and even has new stack laundry, great internet access, a coffee bar and all the comforts of home. Located between Glenwood and Hill Spring, it is just a short half hour drive from Fort Macleod, or to Waterton Lakes, or an hour to Lethbridge (Costco and Westjet), and just over 2 hours from Calgary to your cottage! These fully titled year-round homes are a rare prairie gem that don’t come to market very often.
Listing Brokerage: CIR REALTY
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