592 ft2
$464,000
Offered for sale is a fully net leased restaurant/commercial kitchen located in the highly desirable Ellerslie Industrial neighborhood in southwest Edmonton. This centrally located main floor retail bay is leased to a take-out restaurant on a long term lease since 2022. The current rental rate provides a net operating income reflecting a 7.5% capitalization rate (based on list price). With future ability to renew at higher rates built into the lease. This property is desirable to businesses as it provides a turnkey commercially approved commercial kitchen, in a small affordable footprint, with access to new residential areas on the doorstep to South Edmonton Common. (id:62055)
Property Details
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MLS® Number
|
E4463339 |
|
Property Type
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Retail |
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Neigbourhood
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Ellerslie Industrial |
Building
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Constructed Date
|
2011 |
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Size Interior
|
592 Ft2 |
Land