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For Sale
$1,800,000
MLS® 44802240
10701 100 Ave
Morinville, Alberta, T8R1A2
- Interior
- 3,899 sqft
- Property type
- Retail
- Building
- Retail
- Year built
- 2021
- Lot size
- 24829.2 square feet
- Parking
- 20
Property facts
- Interior
- 3,899 sqft
- Property type
- Retail
- Building
- Retail
- Transaction
- For Sale
- Year built
- 2021
- Lot size
- 24829.2 square feet
- Parking
- 20
About this property
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 $84,187 in annual revenue, the income is scheduled to increase to $88,187starting 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 4.94%. 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:53361)