Prime investment opportunity located approximately 30 minutes from Edmonton. This well-maintained 5-lot commercial strip mall is situated on the town’s main road, offering excellent exposure and convenient access.The property is fully leased with no vacancy and features four established tenants under long-term triple net lease agreements. Tenants include a grocery and liquor store, Subway, a Chinese restaurant, and a pub, providing a stable and diversified income stream.The asset offers an attractive cap rate, with potential for further upside as two lease renewals are scheduled within this year and next year, which may enhance overall returns. The site also provides ample on-site parking for customers and staff.A rare opportunity to acquire a stable, income-producing commercial property with future growth potential. Subject to municipal approvals, there may be the possibility of adding a second floor to further increase rental income.An excellent opportunity for investors seeking a solid, long-term income property. (id:51989)
Features of 5010 50 Ave
- MLS® Number 44340581
- Price $2,400,000
Buildings
Land
| Acreage | No | Size Irregular | 30491.999999999996 |
| Size Total | 30492 Sqft|1/2 - 1 Acre | Size Total Text | 30492 Sqft|1/2 - 1 Acre |
Agents and Offices
- Jongsung Baik
- Office: Initia Real Estate