Form Real Estate Advisors and Grass Ridge Realty are pleased to announce the sale of 4801 50 Avenue located in Stony Plain, AB (the “Subject Property”).
The Subject Property is a carefree, triple net investment opportunity consisting of a stand-alone building occupied by Rexall/Pharma Plus Pharmacies Ltd. (dba Rexall), secured on a long-term lease until 2031.
- Freestanding Rexall drug store with drive-thru comprising 12,268 square feet of main floor area, constructed in 2011.
- 100% occupied by Rexall on a carefree, fully net, lease with term remaining until September 2031.
- Strong corporate covenant: Rexall is a member of Rexall Pharmacy Group Ltd., a wholly owned subsidiary of McKesson Corporation which has a market cap of $31.2B (March, 2018).
- Located on a high exposure corner along Stony Plain’s main thoroughfare (Highway 779) and in close proximity to Parkland Highway (Highway 16A) which connects Stony Plain to Edmonton.
Contact Listing Agent for more details.