The Grainery | 4907 49 Av
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The Grainery 4907 49 Av
9,904 SF 100% Leased Retail Building Stony Plain, AB T7Z 2L6 $2,750,000 CAD ($278 CAD/SF) 6.69% Cap Rate
Investment Highlights
- The Grainery has excellent exposure from north and sound bound travelers along 48 street with a combined 11,873 vehicles passing per day.
- The Grainery is an open format neighborhood centre with 9,912 square fee t of leasable area on a 1-acre site.
- The Property is strategically located along 48 Street (Highway 779), connecting Highway 16 & Highway 16A to the residential communities in Stony Plain
Executive Summary
Avison Young Commercial Real Estate Services, LP (“Avison Young” or the “Advisor”) is pleased to offer a 100% freehold interest in The Grainery Retail Centre (“The Grainery”, the “Property” or “Offering”).
The Grainery is an open format neighbourhood centre with 9,912 square feet of leasable area on a 1-acre site. The Property is 100% leased to a combination of medical and dental users, and service-based retailers.
The Property is strategically located along 48 Street (Highway 779), the primary thoroughfare connecting Highway 16 and Highway 16A to
the residential communities in Stony Plain. The Grainery has excellent exposure from north and sound bound travelers along 48 street with a combined 11,873 vehicles passing per day.
The Grainery Retail Centre is being offered with no set bid date for the time being. Offers will be considered as they are received. For more
information, please reach out to a member of the advisory team.
The Grainery is an open format neighbourhood centre with 9,912 square feet of leasable area on a 1-acre site. The Property is 100% leased to a combination of medical and dental users, and service-based retailers.
The Property is strategically located along 48 Street (Highway 779), the primary thoroughfare connecting Highway 16 and Highway 16A to
the residential communities in Stony Plain. The Grainery has excellent exposure from north and sound bound travelers along 48 street with a combined 11,873 vehicles passing per day.
The Grainery Retail Centre is being offered with no set bid date for the time being. Offers will be considered as they are received. For more
information, please reach out to a member of the advisory team.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,904 SF
Building Class
C
Year Built
1999
Price
$2,750,000 CAD
Price Per SF
$278 CAD
Cap Rate
6.69%
NOI
$183,975 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Land Acres
1.00 AC
Zoning
C2
Parking
40 Spaces (3.72 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (73)
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James Robertson
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Reed Newnham
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Kelsey McBain
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Jacob McIntyre
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Adam Kulak
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The Grainery | 4907 49 Av
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