Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $89,946.00 in annual revenue, the income is scheduled to increase to $92,691.00 starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.8 million (plus applicable GST), this represents a stabilized cap rate of approximately 4.99%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Premium Homes (id:58126)
| MLS® Number | 44802240 |
| Property Type | Retail |
| Parking Space Total | 20 |
| Constructed Date | 2021 |
| Size Interior | 3899 Sqft |
| Acreage | No |
| Size Irregular | 24829.199999999997 |
| Size Total | 24829.2 Sqft|1/2 - 1 Acre |
| Size Total Text | 24829.2 Sqft|1/2 - 1 Acre |
https://www.realtor.ca/real-estate/29686679/10701-100-ave-morinville
Contact us for more information
Glen R. Good
Associate
(780) 939-1111
(780) 939-3116
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