Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
- Year Built
- 2021
24,829 sqft
Lot
2021
Year Built
20
Parking
Property Snapshot
Key details for this listing
MLS #44802240
Lot
Land, frontage and setting
- Lot
- 24,829 sqft - 24829.199999999997
Costs
Price, taxes and monthly charges
- List Price
- $1,690,000
About This Property
This retail in Morinville offers a 24,829 sqft lot. Built in 2021. The property has lot dimensions of 24829.199999999997.
MLS Remarks
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:60351)
Full Listing Details
Address10701 100 Ave
MLS#44802240
Listing StatusActive
Property TypeCommercial
Sub-TypeRetail
TransactionSale
Days on Market178
Parking20
StyleRetail
Year Built2021
Condition[]
Living Area3,899 sqft
CityMorinville
ProvinceAlberta
Postal CodeT8R1A2
Lot Size24,829 sqft
Lot Dimensions24829.199999999997
Total Parking20
Business Type[]
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