2 weeks ago
$1,800,000
49 street & 50 Avenue T0A 1N0
Gibbons, Alberta · T0A1N0
MLS® Number: 45302174
- 12,600Square Feet
Listing 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. (id:65883)
Property Summary
- Property Type
- Retail
- Square Footage
- 12,600 sqft
- Listed
- 2 weeks ago
Land
Lot
- Lot Size
- 0 square feet
- Lot Dimensions
- 0





