Listed By:
Courtesy of Ravi Thakur of RE/MAX Excellence.
Address
Not Disclosed, St. Albert, AB
Price
$ 1,950,000
Property Attributes
  • ID#45633739
  • TypeCommercial
  • Listing Status Active
  • CitySt. Albert
  • AreaSt. Albert
  • Postal CodeT8N 7X6
  • Style
  • Price$ 1,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
REALTORS® Association Of Edmonton - RAE
Property Description

This commercial Investment Sale opportunity is STANDALONEPAD Site in appx. 6 Acres Retail Plaza (Erin RidgePlaza appx.64,000 square feet) and, located in affluent andrapidly growing community of Erin Ridge North, St. Albert.The unit (910) has around 3059 square feet gross leasablearea, and currently occupied by a stable business. There islong term lease in place and has more than seven (7) yearsleft on the primary lease terms. There is future stepped upincrease towards Net Operating Income as base rents areescalated over the term of lease (Stepped up Base rent).This is an ideal opportunity to generate income investingyour dollars in a safer way in a quality asset with a stableTenant as occupant.Please do not solicit business operator or their employeesdirectly.

* Sold date and price as reported on the RAE's MLS® System.

General Features

Property Type Commercial Sale
Status Active
City St. Albert
Living Area Units Square Feet
Standard Status Active
Primary Property Type Retail

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in T8N 7X6

Statistics provided by Inside Real Estate

Price
AVG $1.09M
$1.95M