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$ 849,000
Est. payment | /mo
1,505 SqFt
$ 849,000
Est. payment | /mo
1,505 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,505 sqft
Price per Sqft $564
Subdivision Saddle Ridge
MLS Listing ID A2303375
Year Built 2019
Property Sub-Type Retail
Property Description
Turnkey triple net retail investment opportunity in the rapidly growing community of Savanna NE Calgary. Located at 63 Savanna Blvd NE,this retail condo is fully leased to Cafe Karak,an established café concept known for its specialty Karak chai,coffee beverages,and strong community presence. This asset is ideal for first-time commercial investors or buyers seeking stable,passive income with minimal management responsibilities. The property operates under a Triple Net (NNN) lease,meaning the tenant is responsible for property taxes,insurance,and operating costs,providing ownership with predictable income and reduced overhead. Strategically positioned within Savanna's commercial core,the property benefits from strong residential density,consistent neighborhood traffic,and continued population growth in one of Northeast Calgary's fastest expanding communities. This is a rare opportunity to acquire a well-positioned retail asset under $1M with long-term upside in a high-growth market.
Location
Province AB
County Cal Zone Ne
Area Cal Zone Ne
Zoning C-N1
Direction NE
Interior
Inclusions as per the Lease
Fireplace No
Exterior
Garage No
Building
Dwelling Type Retail
Others
Restrictions Utility Right Of Way
Listed by eXp Realty
LOCATION AND NEARBY PROPERTIES
NEWLY LISTED IN THE CALGARY AREA
- New NW Single Family Homes HOT
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- Everything New in Cochrane
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HOMES FOR SALE IN NORTHWEST CALGARY
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
