1380 – 22 Street SE, Medicine Hat, Alberta

Highlights

• Prime Mixed-Use Property: This newly constructed, mixed-use asset offers a strategic location in Medicine Hat with easy access to the high-traffic Dunmore Road SE. The property features two strong tenants: 7-Eleven/Esso and Mint Smartwash, ensuring stable, long-term income with minimal vacancy risk.
• Long-Term Leases: Both tenants are locked into long-term, triple-net leases with an average weighted lease term of 18.31 years. This ensures predictable, steady cash flow over the long term, with minimal landlord responsibilities. Additionally, the leases include contractual rental escalations, providing built-in income growth.
• Strong Retail Tenants: The tenants7-Eleven, a global leader in convenience retail, and Mint Smartwash, an established car wash brandbring high customer traffic to the site. This enhances the visibility and desirability of the location, making it an attractive destination for retail and service customers alike.
• Future Development Potential: With 8,700 square feet of undeveloped land available, there is significant potential for future growth. The Mixed-Use zoning provides flexibility for additional development, such as drive-thru retail, allowing for further rental income and value appreciation.
• High-Quality Construction: The property is newly built, ensuring minimal capital expenditure in the near term. Key features include an express car wash with a conveyor wash tunnel belt, a 7-Eleven convenience store, and ample parking, all contributing to a high-quality, service-oriented retail asset.

Location