10701 100 Ave
Morinville, AB, T8R1A2
Listed by RE/MAX Real Estate
$1,690,000
- 20 parking
- 3899 sq ft
Listed 173 days ago · MLS® 44802240
About this home
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 $1.69 million (plus applicable GST), this represents a stabilized cap rate of approximately 5.27%. 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:66966)
Details
- Type
- Retail
- Size
- 3899 sq ft
- Municipality
- Morinville
Interior
- Fireplace
- No
Building and exterior
- Year built
- 2021
Parking
- Total parking
- 20
Location
Location is approximate. See nearby homes on the map
Listed by RE/MAX Real Estate.
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