- Property size 26,055 ft2
Refinery Row Shopping Centre, Edmonton - retail for sale
JLL Capital Markets has been engaged by Maclab Properties Group to offer for sale a 100% freehold interest in Refinery Row Shopping Centre, a national pharmacy-anchored plaza situated on a high traffic retail node, 50 Street and 101 Avenue.
Located in the neighbourhood of Gold Bar, and comprised of 26,055 SF, Refinery Row Shopping Centre is fully leased and offers an excellent opportunity to investors looking for strong and resilient cash flow.
- National pharmacy-anchored plaza on a high traffic retail corridor.
- Stable growth in NOI throughout the hold period, with contractual bumps throughout.
- Offered free and clear of debt, with low capital expenditures forecasted throughout the hold period.
- Well-diversified tenant profile, combining strong national tenants with steady regional/local tenants.
- Attractive WALT of 6.1 Years, starting November 1, 2020.
- With strong daily-needs tenancies and a solid medical concentration, the Property has performed incredibly well throughout the COVID-19 pandemic.