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49 street & 50 Avenue T0A 1N0
Gibbons Alberta T0A1N0 Canada

$1,800,000

Active Listing ID 45302174
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12,600 square feet
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Vacant Land

$1,800,000

Active Listing ID 45302174
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49 street & 50 Avenue T0A 1N0 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:203)

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Property Features

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  • Property Sub-type: Vacant Land
  • Additional Features
  • Basement
Listing Changed: 8/14/2026 11:25:22 PM GMT
Source Updated Date: 8/15/2026 8:38:11 PM GMT

Courtesy of: Nicholas Golden, Associate, RE/MAX Professionals