10701 100 Ave, Morinville, Alberta T8R 1A2

Listed for:
$1,800,000
0 beds
0 baths
Listed 6 days ago
10701  100 Ave, Morinville, Alberta T8R 1A2

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About

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 $89,946.00 in annual revenue, the income is scheduled to increase to $92,691.00 starting 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 $1.8 million (plus applicable GST), this represents a stabilized cap rate of approximately 4.99%. 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:27476)

Property Highlights

MLS® Number
44802240
Type
Retail
Land Size
24829.2 sqft|1/2 - 1 acre
Parking Space Total
20

Building

Square Footage
3899 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location

Learn more about this property
Listing provided by:
RE/MAX Real Estate
MLS® number:
44802240
Agent:
Glen R. Good
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