10
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$394,900
Est. payment /mo
1,500 SqFt
New
9920 100 ST Wembley, AB T0H 3S0
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $263
MLS Listing ID A2330121
Year Built 1981
Property Sub-Type Retail
Property Description
AMAZING INVESTMENT OPPORTUNITY! Here's your chance to own a well-maintained commercial building with a proven,long-term government tenant. Located in the heart of Wembley,this solid concrete block building has been home to Canada Post since it was constructed in 1981,providing exceptional stability and reliability for investors.
The current lease is in place until May 31,2029,generating $29,000 per year + GST,with renewal options available,offering an attractive 7%+ cap rate. This is a true turnkey investment with a strong,established tenant and consistent income.
The property has been well cared for,with the furnace replaced over the years,features wheelchair accessibility,and offers ample rear parking for staff and customers.
If you're looking for a low-maintenance commercial investment backed by a long-standing national tenant,this property deserves your attention.
The current lease is in place until May 31,2029,generating $29,000 per year + GST,with renewal options available,offering an attractive 7%+ cap rate. This is a true turnkey investment with a strong,established tenant and consistent income.
The property has been well cared for,with the furnace replaced over the years,features wheelchair accessibility,and offers ample rear parking for staff and customers.
If you're looking for a low-maintenance commercial investment backed by a long-standing national tenant,this property deserves your attention.
Location
Province AB
County 0133
Zoning C-1 - COM
Interior
Inclusions none
Fireplace No
Exterior
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions None Known
Listed by RE/MAX Grande Prairie
NEARBY SCHOOL & BUSINESS
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