

1/35421 2nd Street E, Claresholm, AB T0L0T0
Price on request
—
Asset Class
Land
Size
—
Building class
C
Zoning
AG — Agricultural
$ / SF
—
Occupancy
89%
Lot Size
2.83 ac
PRIME HIGHWAY 2 COMMERCIAL LAND FOR LEASE | APPROX. 2.8 ACRES | HIGH-VISIBILITY LOCATION | FLEXIBLE COMMERCIAL USES**Excellent opportunity to lease approximately 2.8 acres of commercial land at 5421 2nd Street E in Claresholm, Alberta. Offering excellent exposure to Highway 2 and convenient access, this property is well positioned for businesses requiring visibility, accessibility, outdoor space, or vehicle and equipment access.Located along one of Alberta’s major north-south transportation corridors, the site provides exposure to local traffic, surrounding agricultural communities, Southern Alberta customers, and Highway 2 travellers.A portion of the property is designated Highway Commercial (C-2), allowing for a variety of potential commercial uses. Possible uses may include equipment sales and rentals, vehicle sales and service, contractor operations, retail, offices, restaurants, convenience-related businesses, service stations, hotels and other highway-oriented commercial uses.Discretionary or alternative uses may also be considered, including trucking and transportation operations, outdoor storage, vehicle repair, car washes, bulk fuel sales, truck stops, shipping/container-related uses and other commercial operations, subject to approval by the Town of Claresholm.The property is identified as Commercial Mixed Use and includes both commercial and residential zoning components, potentially providing additional flexibility depending on the proposed use and applicable municipal approvals. Utilities are located nearby, and prospective tenants may investigate servicing options based on their operational requirements.The site may be particularly well suited for trucking or transportation businesses, equipment or vehicle operations, contractors, outdoor storage or display, construction-related businesses, retail/service concepts, or businesses seeking prominent Highway 2 exposure without the expense of leasing a traditional commercial building.Property Highlights:** Approximately 2.8 acres • Highway 2 exposure • C-2 Highway Commercial zoning component • Commercial Mixed Use property • Excellent visibility • Convenient highway access • Large open site • Flexible configuration • Utilities nearby • Wide range of potential commercial uses • Immediate/negotiable possession.Tenant Notice:** Prospective tenants are responsible for confirming that their proposed use is permitted and for obtaining all required development permits, business licences, servicing approvals, access approvals, building permits and any other municipal or provincial approvals. Any site improvements, fencing, surfacing, utility connections, signage, structures or access requirements are subject to negotiation and applicable approvals. (id:66811)
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Monthly debt service
$7K
Projected NOI
$75K
Annual cash flow
$-8K
Cash-on-cash
-1.83%
DSCR
0.90
Going-in cap
4.99%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
88,009
Households
31,826
Median income
$129,000
Median age
37.9
Daytime population
124,646
5-yr growth
2.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 5421 2nd Street E, Claresholm.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.