Shoppers Drug Mart & Giant Tiger Building

Information

Size: 40,166 Sq ft
Year bought: 2010
Current status: still generating income for investors

Due to the current volatility of the USD & the increasing strength of the CAD, exchange rates may vary significantly. Please check with us for the latest rate.

Notes

The property is a single building, two tenant plaza.
The two tenants, Shoppers Drug Mart and Giant Tiger, both have long term leases.
Excellent location one block west of the intersection of Stony Plain Road and 149th Street, an extremely high traffic area and directly north of Jasper Gates Shopping Centre, a 149,460 sq. ft. centre anchored by Safeway and London Drugs.
Excellent parking.

About Edmonton

Edmonton is the capital city of Alberta
Diversified local economy
GDP of CAD44 billion+, well ahead of many other Canadian provinces
Service centre for multibillion-dollar oil sands and natural gas developments
Canada’s second largest manufacturing cluster, second only to Ontario’s Golden Triangle in manufacturing
Strategic location in the Calgary-Edmonton corridor, the region that is leading the continent economically
Experiencing longest period of sustained growth in past 25 years, the Conference Board of Canada ranked Edmonton number one city for growth in 2004
A 2006 KPMG study ranked Edmonton as worlds’ number one city to do business
Economic strength, high local disposable income, low unemployment rate and very strong housing market all bode well for local retail sector

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Testimonials

“We own a number of residential properties for which we are truly grateful. However, I find it a hassle to manage looking after these properties, even using property and mortgage managers. Investing with REDEV has been a breeze because the whole portfolio is professionally managed and I simply receive a good return. In addition, it has been a great, hassle free entry into Commercial Property.”
- Les Gordon, Airline Captain

“The current financial storm has had a negative impact on some of our investments – promised dividends failing to materialise. Not so with REDEV. They continue to operate well and provide promised returns.”
- John Fowler, Legal Professional

“I wish I had bought more!”
- C. Frost, Airline Executive

“In all my dealings with the REDEV team I have been struck by their professionalism. All team members are top-notch, intent only on delivering a great investment product in an informative, no-pressure manner.

This is the ultimate in arm-chair real-estate investing, with good returns to boot. I now own stakes in two REDEV properties and probably will add more as they become
available.”
- Peter Mak, Finance Professor

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