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Listed by Vincenzo P Caputo • NAI Commercial Real Estate Inc
$ 10,950,000
Active
40 Riverside Way, 71 Riverside Drive Okotoks, AB T1S 1M3
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 44460911
Property Description
Willow Shopping Centre is a 26,670 SF, two-building strata retail investment featuring prominent exposure along Northridge Drive in Okotoks, Alberta. The centre is fully leased to a diversified mix of service-oriented and daily-needs tenants, generating $814,680 in stabilized NOI with a 5.12-year weighted average lease term (“WALT”) and $29.27 PSF weighted average net rent (“WANR”). Situated within an established, high-income residential trade area, the property benefits from surrounding schools, mature residential density and $871M in consumer spending within a 3 km radius.
Location
Province AB
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