Real estate on your terms®
$1,800,000
active
49 street & 50 Avenue T0A 1N0
Gibbons
,
AB
T0A1N0
Key Details
- MLS® Number:
- 45302174
- Interior Size:
- 12600 square feet
Property 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:53430)
Finished Areas
- Interior Size (Total):
- 12600 square feet
Lot / Land
Fees & Dates
- Last Modified:
- 08/14/2026 11:25:22 PM
- Status Change:
- 08/14/2026 11:19:33 PM
Location
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