49 street & 50 Avenue T0A 1N0, Gibbons, AB T0A 1N0
49 street & 50 Avenue T0A 1N0, Gibbons, AB T0A 1N0
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Listed by Nicholas J Golden • RE/MAX Professionals
$ 1,800,000

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$ 1,800,000
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS® Listing ID 45302174

Property Description

Retail Shopping Centre: Fully occupied by 5 tenants—Food Store, Gibbons Liquor Loft, Prime Pizza and Donair, Pit Stop Pub, and Lee's Restaurant. Built-in Growth: Long-term leases in place featuring built-in rental escalations (e.g., Food Store increases to $11.00/SF; Prime Pizza has scheduled step-ups in Years 3 and 5). Bonus: Two Businesses with extra income:Pit Stop Pub: Beyond standard property rental income, the asset includes the operations of the owner-operated Pit Stop Pub: Robust VLT Income: Delivers $7,500+/month in gaming commissions ($90.4k in FY25)Liquor Loft: also owned by the plaza owner. It delivers $914k 3-yr avg gross sales ($147k avg margin), plus massive upside by cutting $178k+ in hired staff overhead.

Location

Province AB

REALTORS® Association of Edmonton (RAE VOW)

Nearby Locations

Drew Carlson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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49 street & 50 Avenue T0A 1N0