Airdrie Downtown Commercial NNN investment. 4.5 cap.
It's generally better to have a lower cap rate than a higher one. A lower cap rate implies that the property is more valuable and less risky due to type, class, and market.
Colliers published 2023 cap of 9 for this class of property. This is a gem....
Least till 2028.
Built in 2020. Downtown Airdrie, up and coming BRZ area. For investment only, tenant will not leave