Riverside Dr, Okotoks, AB T1S 1M3
Courtesy of Vincenzo P Caputo of NAI Commercial Real Estate Inc.
- $10,950,000
- List Price
- $10,950,000
- MLS® #
- 44460911
- Region
- Foothills
Property Description
Willow Shopping Centre is a 26,670 SF, two-building strata retail investment featuring prominent exposure along Northridge Drive in Okotoks, Alberta. The centre is fully leased to a diversified mix of service-oriented and daily-needs tenants, generating $814,680 in stabilized NOI with a 5.12-year weighted average lease term (“WALT”) and $29.27 PSF weighted average net rent (“WANR”). Situated within an established, high-income residential trade area, the property benefits from surrounding schools, mature residential density and $871M in consumer spending within a 3 km radius.
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