8,153 ft²Retail$2,100,000Sale
We are pleased to present the opportunity to acquire 4940 51 Avenue, Red Deer, Alberta (the "Subject Property"). Exceptionally located in Downtown Red Deer, the Subject Property is well-positioned across the street from Real Canadian Superstore, anchoring the Subject Property to a major shopping node in the Downtown core. The Subject Property is improved with a freestanding, single-storey building comprised of 8,153 SF with excellent vehicular visibility and multiple points of access and egress. Majority leased to Sun Life Assurance Company of Canada ("Sun Life"), the Subject Property presents an opportunity for an investor to lease up the vacancy and capture rental upside or an owner-user to utilize the vacant space and benefit from an additional rental revenue.