Northpointe Crossing 7 biens | À vendre | 9 491 334 € | Medicine Hat, AB

Northpointe Crossing represents a compelling opportunity to acquire an established multi-building neighbourhood retail centre strategically positioned along Division Avenue NW in North Medicine Hat. Offered at $15,250,000, the property generates approximately $898,922 Year 1 NOI, representing an attractive 5.89% proforma cap rate. The centre comprises approximately 45,853 SF of rentable area across six buildings situated on a substantial 7.26-acre site, with approximately 253 surface parking stalls. At 80% occupancy, the investment combines established income with meaningful opportunity to increase revenue and asset value through the lease-up of existing vacancies and continued optimization of the tenant mix. Northpointe Crossing is anchored by Shoppers Drug Mart, which occupies approximately 17,038 SF, and benefits from a complementary tenant roster including Tim Hortons, Pet Valu, Chopped Leaf, Prairie Donair, insurance and other service-oriented uses. The combination of national, regional and local tenants provides diversified consumer traffic and positions the centre as an established daily-needs retail destination. The property is further strengthened by its location within an established north Medicine Hat commercial node. Co-op and the adjacent Big Marble Go Centre provide additional retail, recreational and destination traffic, while convenient connections to Division Avenue, Rotary Centennial Drive and the Trans-Canada Highway support accessibility from surrounding residential communities and the broader Medicine Hat trade area.