Chinook 58 5 biens | Calgary, AB

On behalf of the Vendor, the Colliers Investment Sales Team is pleased to present to the market Chinook 58. The opportunity is to acquire a 98% occupied new generation retail centre, comprised of six retail buildings totaling approximately 93,000 SF of leasable area. Chinook 58 features a compelling mix of financial, medical, personal service and recreational tenants. The centre is anchored by a 12,000 SF Canadian Western Bank (investment grade covenant) and Speeders, a multi experiential entertainment complex, featuring indoor go-karting, bowling, arcade and food and beverage offerings. The property is strategically located at the geographic centre of the city, six blocks directly east of CF Chinook Centre, Calgary’s largest and busiest super regional shopping centre and a significant draw to the area. The highly amenities area offers convenient access to Macleod Trail, Blackfoot Trail and Glenmore Trail. The downtown core is a convenient 10 minute drive away and is also accessible by the Chinook LRT station, located four blocks southwest of the property. The Property features very attractive investment metrics, with strong and stable cash flow, a highly compelling WALT of 11.6 years and appealing in-place rents. The offering presents minimal tenant roller over over the course of the investment horizon and none over the initial four years. Completed between 2019 and 2024, this newly built retail property mitigates capital expenditures with its modern design and energy-efficient features, providing long-term value and minimal maintenance needs. Chinook 58 has been maintained to an exceptional standard and is professionally managed by Riverpark Properties Ltd. Chinook 58 is offered for sale on an unpriced basis with a bid date to be communicated.