7,000 SqFt
7,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Rent
Square Footage 7,000 sqft
Subdivision Grandview
MLS Listing ID A2333818
Year Built 1979
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Mixed Use
Property Description
The plaza benefits from two established,long-term tenants who intend to stay,along with an exciting new business expected to bring additional traffic to the property. Significant capital improvements have already been completed,with over 100k invested into a new roof and updated/replaced HVAC units in 2019,plus replacement of majority of the windows in two of the three bays very recently.
Located along a busy corridor just off Highway 56,Grand View Plaza offers excellent accessibility,easy vehicle access and a large parking lot.
Adding another unique layer to this investment,the sale includes ownership of the Grand View Grocery business,along with the equipment,shelving and fixtures used to operate it. The grocery business and bay are currently leased under a new five-year agreement,providing additional future potential for the purchaser,with no current involvement in the business.
With a high cap rate,long-term tenancy,significant capital improvements already completed and minimal ongoing owner responsibilities,Grand View Plaza presents an attractive opportunity for an investor seeking high income with a hands off approach.
Location
Province AB
County 0299
Zoning C2
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Inclusions Grocery Store, Shelving, Built-in Coolers, Freezer, Front Counter, POS System
Fireplace No
Exterior
Roof Type Flat Torch Membrane
Total Parking Spaces 20
Garage No
Building
Lot Description Low Maintenance Landscape, Paved, Street Lighting
Dwelling Type Multi Unit
Foundation Poured Concrete
Others
Restrictions None Known
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