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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 45499309
Property Description
Add a proven, income-producing commercial asset to your investment portfolio with this approximately 1,044 sq. ft. corner retail condominium, ideally located in a high-traffic area of Spruce Grove. Unit 8 is being offered as an investment property only and is fully leased to an established liquor store that has successfully operated from the same location for approximately 15 years. The business intends to remain in the premises, providing the purchaser with an established long-term tenant and immediate rental income from the date of possession. 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. As a highly visible corner unit, the property benefits from excellent exposure, convenient customer access, paved surroundings and a versatile retail layout. Its proven operating history and location within the growing co
Location
Province AB
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