4818 - 1 Street West
Claresholm, Alberta
Building
- Building Area 4,090 sf
- Site Size 0.23 acres
- Parking 57 on-site paved surface parking stalls (shared with adjacent IGA Grocery)
- Year of Completion 2019
- Zoning/Land Use C1 – Retail Commercial
- Weighted Average Lease Term (WALT) 8.58 years
National Covenant with Strong Regional Presence: Fully leased to Sobeys Liquor, a division of Sobeys Inc., one of Canada’s largest and most established grocery and liquor retailers. Backed by a corporate covenant and a network of 31 locations across Southern Alberta, the tenant offers secure cash flow and proven regional strength.
Modern, Purpose-Built Construction: Completed in 2019 and purpose-built for Sobeys Liquor, the Property was developed by a reputable Calgary-based retail developer, Hardrock Properties, known for quality and execution. The modern design and durable construction minimize near-term capital exposure.
Long-Term Lease with Built-In Growth: Sobeys Liquor occupies the Property under an original 15-year term expiring July 2034, providing nearly a decade of remaining lease term and one contractual rent escalation, supporting predictable income and favourable financing potential.
Adjacent to National Grocery Anchor: Sharing parking and access with an IGA grocery store (a fellow Empire Company subsidiary), the Property benefits from steady daily traffic, strong cross-shopping activity, and enhanced customer visibility.
