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Listed by Mani Bagga • Royal Lepage Magna
$ 448,500
$ 448,500
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 45499239
Property Description
Add a strategically located commercial asset to your investment portfolio with this approximately 1,068 sq. ft. multi-use commercial condominium in the growing community of Spruce Grove. This unit is being offered as an investment property only and is currently occupied by an established business under a triple-net lease. The tenant intends to remain in place, providing the purchaser with immediate rental income from the date of possession and eliminating the need to locate a new tenant. Under the triple-net lease structure, the tenant is responsible for the property's operating costs as outlined in the lease, helping reduce the owner's day-to-day management responsibilities and providing a more predictable commercial investment. Positioned in a high-traffic and highly visible location, the property benefits from strong exposure, convenient accessibility, and versatile commercial use. Spruce Grove continues to experience residential and commercial growth, making this an attractive opportunity for investor
Location
Province AB
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