Turn Key! Net Cap Rate of Approx 7 % Excellent Visual Exposure - One of 2 tenants Long Term triple A + Major Box store retail client - Super Income of $91,500 net per year incl 3% collection loss n/a in reality. One floor building approx 5457 sq ft in excellent condition, paved parking 14 vehicles plus. Super high vis corner location - roads, sidewalks etc recently re done, very nice curb appeal, setting to match. The property has a large lot of 13,551 sq ft - potential of great multi re development making for a muti investment, cash now, plus future re development, adjacent lands potentially available. New roads, sidewalks, Yelowwhead Trail Upgrade, Fort Road rejuvenation have brought many new builds, multi units, services such as athletic centers presently under construction. LRT is close, high visual traffic flow and surrounding community make Major Box Store retail etc very desired, successful. Tenants leases till 2028 with longer options to renew. Low Mainteance Investment - A GREAT INVESTMENT
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Business, Retail
Major Bus Type:
Other/See Remarks
Minor Bus Type:
Other/See Remarks
Construction:
Concrete
Building Type:
Freestanding
# Bldgs:
1
# Units:
0
Tot Pkg Spaces:
14
# Storeys:
1.0
Year built:
1976
(Age: 48)
Total Floor Area:
5,457 sq. ft.506.97 m2
Lot Area:
0 sq. ft.0 m2
Plan:
5435V
Title to Land:
Freehold
LINC Number:
0010275585
Corner Site, Flat Site, High Traffic Area, Level Land, Landscaped, Paved Lot, Visual Exposure, Low Maintenance Landscape, See Remarks
Air Conditioning, Alarm System, HVAC System, See Remarks, Ceiling 9 ft.
Encroachment
Services Connected:
City Water
Sewer Septic:
Municipal/Community
HVAC:
Rooftop
Reports Avail:
Information Package, Pro-Forma, Site Plans, Environ. Site Profile
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