Salehian.com 647-325-5000

4411 59 Street

Grandview, Stettler, AB, T4K1J1

Listed by Real Broker

$950,000

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  • 20 parking
  • 7000 sq ft

Listed 82 days ago · MLS® A2333818

About this home

INVESTMENT OPPORTUNITY – GRAND VIEW PLAZA! An excellent opportunity to own a fully leased commercial property offering strong income, long-term tenancy and minimal owner involvement. Grand View Plaza generates $8250/ per month in base rental income, or $99,000 annually, plus GST. Current rents include $2,750/month for the liquor store, $1,500/month for the barber shop, and $4,000/month for the grocery store business (currently leased to the tenant)and bay. Two new (Aug 2026) five-year leases and one new(June 2026) three-year lease are in place. Tenants are responsible for their respective operating expenses as set out in the leases, including property taxes, insurance, utilities, and their own snow removal.The plaza benefits from two established, long-term tenants who intend to stay, along with an exciting new business expected to bring additional traffic to the property. Significant capital improvements have already been completed, with over 100k invested into a new roof and updated/replaced HVAC units in 2019, plus replacement of majority of the windows in two of the three bays very recently. Located along a busy corridor just off Highway 56, Grand View Plaza offers excellent accessibility, easy vehicle access and a large parking lot.Adding another unique layer to this investment, the sale includes ownership of the Grand View Grocery business, along with the equipment, shelving and fixtures used to operate it. The grocery business and bay are currently leased under a new five-year agreement, providing additional future potential for the purchaser, with no current involvement in the business. With a high cap rate, long-term tenancy, significant capital improvements already completed and minimal ongoing owner responsibilities, Grand View Plaza presents an attractive opportunity for an investor seeking high income with a hands off approach. (id:66966)

Details

Type
Business
Size
7000 sq ft
Property tax
$10,208 (2026)
Neighbourhood
Grandview
Municipality
Stettler

Interior

Fireplace
No

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Central air conditioning

Building and exterior

Year built
1979
Exterior
Poured concrete
Foundation
Poured Concrete
Outdoor
Concrete, Brick
Building area
7,000 square feet

Parking

Total parking
20

More

Business type
Food Services and Beverage, Retail and Wholesale

Location

Location is approximate. See nearby homes on the map

Listed by Real Broker.

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