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. (id:51989)
Features of 63 Savanna Boulevard Ne
- MLS® Number A2303375
- Price $849,000
- Square Footage: 1505 sqft
- Property Type: Retail
- Community Name: Saddle Ridge
- Plan 1910330
Business
| Business Type | Restaurant | Business Sub Type | Restaurant |
Buildings
| Constructed Date | 2019 | Size Exterior | 1505 Sqft |
| Size Interior | 1505 Sqft | Total Finished Area | 1505 Sqft |
| Type | Retail |
Land
| Acreage | No | Size Total Text | Unknown |
| Zoning Description | C-n1 |
Agents and Offices
- Talha Niazi
- Office: Exp Realty