Park Plaza
10302-10310 - 97 Street, High Level, Alberta
For Sale
Summary
- Retail Leasable Area 29,364 SF
- Land Use C3 - Highway Commercial and Land Use District
- Site Size 3.31 Acres
- Asking Price $8,950,000
Location
The Property is situated within the highway commercial corridor along Highway 35 in the Town of High Level. Located centrally on 97th street, a frontage road of Highway 35 with a daily traffic count of 3,668 vehicles, offering convenient access to all services.
High Level is a town located in northern Alberta, Canada, within Mackenzie County. Approximately 7 hours and 30 minutes north of Edmonton, High Level is known for its strategic location at the intersection of the Mackenzie Highway (Highway 35) and Highway 58. The town serves as a key service hub for the surrounding region, which includes significant oil and gas fields and extensive forests.
Highlights
- Park Plaza is a five-building retail property offering 29,364 square feet of retail leasable area on a 3.3- acre site.
- The open-format retail is anchored by well-known national restaurant chains and daily service providers including Denny’s & Bar One, Park Plaza Fitness & Arcade Centre, Liquor Store, Pharmasave, Dairy Queens, and Starbucks.
- Additionally, the site includes 4,200 square feet of residential housing that accommodates employees working at the Property.
- Investors benefit from a weighted average lease term (“WALT”) of 10.4 years and 100% occupancy.
