
Courtesy of: Vincenzo Caputo, Associate, NAI Commercial Real Estate Inc
$12,150,000
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26,670 square feet
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|
Retail
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$12,150,000
71 Riverside Dr 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. (id:203)