Courtesy of Chad Snow, NAI Commercial Real Estate Inc
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(780)-932-3843Listing Description
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.Other Property Types: RetailSubject Space Width: 15Ownership Interest: Condo PropertyTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Chad SnowAppointment Phone: 780-436-7410Paragon Listing ID: E4463339
Key Details
| MLS® Number: | 43688459 |
|---|---|
| Property Type: | Business with Property |
| Year Built: | 2011 |
| Bedrooms: | 0 |
| Bathrooms: | |
| Fireplace: | No |
Community Demographics
