3 months ago
$1,690,000
10701 100 Ave
Morinville, Alberta · T8R1A2
MLS® Number: 44802240
- 3,899Square Feet
Listing Description
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:65883)
Property Summary
- Property Type
- Retail
- Square Footage
- 3,899 sqft
- Built in
- 2021
- Time on Edmonton Real Estate
- 3 months ago
Building
Building Features
- Year Built
- 2021
Parking
- Total Parking Spaces
- 20
Land
Lot
- Lot Size
- 24829.2 square feet
- Lot Dimensions
- 24829.199999999997


