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Great investment opportunity for this busy fully leased strip mall in the thriving town of Penhold, with solid long term tenants. This well constructed strip mall was built in 2014 (HAWKRIDGE MARKET SQUARE) on 1.19 acres the corner of highway 2a and Hawkridge Blvd. ( also one block from highway 42 that accesses highway QE2) in a busy shopping centre with numerous tenants in the surrounding CRU properties including Canada Post, IGA, Dairy Queen, Tim Hortons, Subway, IDA, Dentist, Doctors office etc. Penhold is a booming town located 7 minutes from Red Deer, with the relatively recent addition of a Multiplex, new High school, new residential subdivision. Population in the immediate trading area is close to 3000 people and growing with more than 6000 cars drive by everyday seasonally. The building is divided into 10 separate units each with their own HVAC (some tenants occupy more than one unit). Total building square footage is 12670 sq. ft. Tenants include Antler Hill Veterinarian Clinic, Blair's Liquor Store, Piece By Piece Nutrition Inc. , Mullets Barber Shop, Arashi Do Martial arts, Organic Oasis Spa & Salon Ltd. and Oh My Vape. This is the only strip mall in the immediate shopping district which can operate a liquor store (restrictive covenant for surrounding retail in place). CURRENTLY GENERATES $226568/YR NET INCOME WITH ESCALATORS IN PLACE. (id:57594)
| Business Type | Personal Services, Recreation, Restaurant, Restaurant, Retail and Wholesale, Retail and Wholesale, Service, Service |
| Business Sub Type | Barber/beauty shop, Recreation, Deli, Restaurant, Pet & supplies, Liquor Store, Travel agency, Pet Grooming |
| MLS® Number | A2168434 |
| Property Type | Other |
| Community Name | Hawkridge Estates |
| Plan | 1321985 |
| Constructed Date | 2014 |
| Construction Material | Steel Frame |
| Cooling Type | Fully Air Conditioned |
| Exterior Finish | Stone, Stucco |
| Fire Protection | Full Sprinkler System |
| Foundation Type | Slab |
| Heating Fuel | Natural Gas |
| Size Exterior | 12670 Sqft |
| Size Interior | 12700 Sqft |
| Total Finished Area | 12670 Sqft |
| Type | Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| Size Irregular | 1.19 |
| Size Total | 1.19 Ac|1 - 1.99 Acres |
| Size Total Text | 1.19 Ac|1 - 1.99 Acres |
| Zoning Description | C2 |
| Electricity | Connected |
| Natural Gas | Connected |
| Sewer | Connected |
| Water | Connected |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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