MLS® 44802240 · Active

10701 100 Ave

Morinville, Alberta

$1,690,000

Source-listed price. Confirm sale or lease terms and availability.

Property photographs

Property details

MLS®

44802240

Status

Active

Property type

Retail

City

Morinville

Year built

2021

Living area

3899 square feet

Listing brokerage

RE/MAX Real Estate

About this property

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)

Location

Call 780-916-8050 · Browse more properties

Listing information provided through CREA DDF®. Listing courtesy of RE/MAX Real Estate. Source attribution · REALTOR.ca

Details, measurements, price and availability may change and require verification. MLS® and REALTOR® are trademarks of the Canadian Real Estate Association.