e exclusive opportunity to acquirea 100% freehold interest in Slave Lake 7-Eleven (the âPropertyâ), locatedat 100 - 6 Avenue SW, Slave Lake, Alberta.Slave Lake 7-Eleven gas station and convenience store consists of 2,720square feet of leasable area on a 0.46-acre lot. 7-Eleven has occupiedthe site as a single tenant for with full corporate guarantee by theparent company. An incoming investor benefits from exceptionalincome stability contractual rental increases. The lease structure isAbsolute NNN and tenant is responsible for property taxes, insurance,roof, and structure. The tenant holds three additional five-year optionsto renew with 10% preset increases to base rent.Situated on a prominent corner lot, the Property is well-positioned alongMain Street, the primary retail corridor in Slave Lake. With access fromboth Main Street and 6 Avenue, Slave Lake 7-Eleven benefits from 9,160vehicles passing by daily (2024). Main Street Slave Lake attracts locals,employees, tourists, and residents of the surrounding Municipal Districtof Lesser Slave River for shopping and daily service needs. (id:27476)
