Courtesy of: WesleyGiesbrecht, Salesperson, Century 21 Advantage
$1,100,000
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5,607 square feet
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Retail
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$1,100,000
4930 53 Avenue BUILDING ONLY FOR SALE ONLY. Featuring just over 5, 600 sq ft, this multi-purpose, stand alone building on it's own lot is ideally located right West of the downtown Superstore. Strong three-year NNN lease renewal just resigned with same strong tenant for the past 10+years. building produces around an 8% cap rate on a solid 3 year average, based on asking price. Cinder block building on slab. Future opportunity exists to split building into two if desired (previous rear 4000 sq ft section was a mechanic shop and the front 1, 600 was a retail space) regular maintenance & improvements to roof, HVAC, Windows, LED Lighting and exterior facade, have all been completed in the last several years. Good investment, strong return, great location. Please do not approach business/ workers regarding the building sale. (id:203)