10701 100 Ave
Morinville, Alberta
MLS® 44802240
$1,690,000
- Status
- Active
- Property type
- Retail
- MLS® number
- 44802240
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2021
1 / 3Listing 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
Property summary
- MLS® number
- 44802240
- Property type
- Retail
- Size
- 3,899 sq ft
- Land size
- 24829.2 square feet
- Built in
- 2021
- Parking
- 20 spaces
- Days on market
- 153 days
What would this home cost you?
Based on the $1,690,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Real Estate, Morinville.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.