Average square foot calculated using Size range provided by listing agent.
Description
Prime Commercial Property with Stable Long-Term Tenant Opportunity. This 2, 150 sq. Ft. Commercial property offers an incredible investment opportunity with an 8% cap rate and a reliable tenant already in place. Located on a high-visibility street with a daily traffic count of 16, 835, this property is perfectly positioned to capture consistent foot and vehicle traffic. Currently occupied by the building owner, who wishes to sell and lease back, this property ensures a stable and hassle-free income stream. The building owner is prepared to sign a Triple Net (NNN) Lease at $1, 750 per month. Flexible lease options are available, including a 10-year lease or a 5-year lease with two additional 5-year renewal options, providing versatility and long-term stability for potential investors. Recent upgrades add to the building’s appeal, with a new heating system installed just 1.5 years ago, ensuring efficient climate control and reducing maintenance concerns. This property combines excellent visibility, predictable returns, and a strong commercial presence. Don’t miss out on this rare opportunity to secure a long-term tenant with favorable lease terms in a high-traffic location.Show Description
MLS® NumberR1612924
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1950
Stories1
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatHeat Pump, Other, See Remarks, Zoned
A/CHeat Pump, Zoned
Heating Fuel
Extras
Building Only
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