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Descriptions:
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
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Site Influences: |
Corner Site, Flat Site, High Traffic Area, Level Land, Landscaped, Paved Lot, Visual Exposure, Low Maintenance Landscape, See Remarks |
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Location & Listing Info: |
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Property Info: |
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Property Type: |
Retail |
Year Built: |
1976 |
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Additional Info: |
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Legal Description: |
12654
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Contact Mark Friesen -
201, 10114-156 st NW, Edmonton, Alberta, T5P 2P9
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Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated November 22, 2024, 12:02 pm. |
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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