RE/MAX Real Estate

100 Ave, Morinville, AB

$1,690,000

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About 100 Ave

Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $84,187 in annual revenue, the income is scheduled to increase to $88,187starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.69 million (plus applicable GST), this represents a stabilized cap rate of approximately 5.27%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Premium

Features of 100 Ave

MLS® # 44802240
Price $1,690,000
Bathrooms 0.00
Year Built 2021
Type Retail
Status Active

Community Information

Address 100 Ave
Area Morinville
City Morinville
County ALBERTA
Province AB
Postal Code T8R 1A2

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Suite No
Has Basement No

Additional Information

Foreclosure No
RE / Bank Owned No

Listing Details

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Listing Map