9 Hawkridge Boulevard, Penhold, Alberta

$3,450,000

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1.19

Acres

About 9 Hawkridge Boulevard

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.

Features of 9 Hawkridge Boulevard

MLS® # A2168434
Price $3,450,000
Bathrooms 0.00
Acres 1.19
Year Built 2014
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 9 Hawkridge Boulevard
Subdivision Hawkridge Estates
City Penhold
County Red Deer County
Province Alberta
Postal Code T0M 1R0

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Cooling Full
Fireplace No
Has Basement No

Exterior

Lot Description Irregular Lot
Roof Membrane
Construction Stone, Stucco, Metal Frame
Foundation Slab

Additional Information

Date Listed September 23rd, 2024
Days on Market 11
Zoning C2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRCR - Royal Carpet Realty Ltd.

Listing Map

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