Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
FR

Your personal VOWS Listing Portal is provided by Royal LePage Real Estate Services, Brokerage

  • Advertising

4411 59 Street, Stettler, AB, T4K 1J1

MLS® # A2333818
new listing
Commercial For Sale In Stettler, Alberta
$950,000

None Beds

4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
4411 59 Street, Stettler, AB
  • Advertising
4411 59 Street, Stettler, AB, T4K 1J1
$950,000

Property Information:

INVESTMENT OPPORTUNITY – GRAND VIEW PLAZA! An excellent opportunity to own a fully leased commercial property offering strong income, long-term tenancy and minimal owner involvement. Grand View Plaza generates $8,450 per month in base rental income, or $101,400 annually, plus GST, with all three spaces secured by triple-net leases. Current rents include $2,700/month for the liquor store, $1,500/month for the barber shop, and $4,250/month for the grocery store business and bay. Two new five-year leases and one new three-year lease are in place. Tenants are responsible for their respective operating expenses as set out in the leases, including property taxes, insurance, utilities, and their own snow removal.The plaza benefits from two established, long-term tenants who intend to stay, along with an exciting new business expected to bring additional traffic to the property. Significant capital improvements have already been completed, including a new roof and all four rooftop heating and air-conditioning units in 2019, plus replacement windows in the liquor store in 2022.Located along a busy corridor just off Highway 56, Grand View Plaza offers excellent accessibility, easy vehicle access and a large parking lot.Adding another unique layer to this investment, the sale includes ownership of the Grand View Grocery business, along with the equipment, shelving and fixtures used to operate it. The grocery business and bay are currently leased under a new five-year agreement, providing rental income without requiring the purchaser to operate the store.With $101,400 in annual base rental income plus GST, triple-net leases, long-term tenancy, significant capital improvements already completed and minimal ongoing owner responsibilities, Grand View Plaza presents an attractive opportunity for an investor seeking high income with a hands-off ownership structure. Full lease and financial details are available to qualified buyers.

Inclusions: Grocery Store, Shelving, Built-in Coolers, Freezer, Front Counter, POS System

Property Features:

  • Built in: 1979
  • Business Type: Convenience Store, Grocery, Retail
  • Construction Materials: Brick, Concrete
  • Cooling: Central Air
  • Floor Space (approx): 7000.00 Square Feet
  • Foundation Details: Poured Concrete
  • Heating: Forced Air, Natural Gas
  • Lot Size: 17424.00 Square Feet
  • Property Access: Accessible to Major Traffic Route, Back Alley Access, Direct Access, On Major Traffic Route, Paved Road, Two-Way Access
  • Roof:
  • Zoning: C2
  • No. of Parking Spaces: 20

Courtesy of: Real Broker

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

More Detail
Less Detail

Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 4411 59 Street, Stettler, AB, T4K 1J1

Demographic Information of 4411 59 Street, Stettler, AB, T4K 1J1

Life Stage

Families with Tweens

Employment Type

Mixed

Average Household Income

$109,216.53

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.25 %

High school certificate or equivalent

42.91 %

Apprenticeship trade certificate/diploma

11.37 %

College/non-university certificate

18.59 %

University certificate (below bachelor)

2.78 %

University Degree

10.1 %

Commuter

Travel To Work

By Car

89.07 %

By Public Transit

0.0 %

By Walking

9.85 %

By Bicycle

0.0 %

By Other Methods

1.08 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.83 %

Houses

92.17 %

Own Vs. Rent

More Detail
Less Detail
Back to top