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$849,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Saddle Ridge
MLS® Listing ID A2303375
Year Built 2019
Annual Tax Amount $10,577
Tax Year 2025
Property Sub-Type Retail
Source Calgary
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 Calgary
Area Cal Zone Ne
Zoning C-N1
Interior
Inclusions as per the Lease
Others
Restrictions Utility Right Of Way
Ownership Private
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Listed by eXp Realty
NEARBY SCHOOL & BUSINESS
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