Property Description
Single-tenant triple net investment property on Highway 20 in Sylvan Lake. Purpose-built commercial building on 1.04 acres, CH Highway Commercial zoning, constructed 2005. Two storeys with mezzanine. Open-span construction with high clear ceiling heights and no interior columns through the principal floor area. Owned surface parking with direct highway exposure and access.Currently leased to Landmark Cinemas of Canada Inc. on a triple net basis at $135,000 per annum, with the tenant responsible for all operating costs and property taxes. Lease expires January 9, 2030. Located in one of Alberta's fastest-growing communities. Building configuration supports a range of alternative uses including recreation, entertainment, food and beverage, medical, childcare, and assembly occupancies. (id:53430)
Building
- Property Type:
- Retail
- Building Type:
- Retail
- Year Built:
- 2005
Finished Areas
- Interior Size (Total):
- 12282 square feet
- Above Grade:
- 12282 square feet
Lot / Land
- Lot Size:
- 1.04 acres
Fees & Dates
- Property Taxes:
- $34,004
- Tax Year:
- 2026
- Last Modified:
- 08/11/2026 11:55:24 PM
- Status Change:
- 08/11/2026 11:45:43 PM
Lease & Income
- Lease Type:
- Triple Net
Location
Data is supplied by Pillar 9 MLS® System. Pillar 9 is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.