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This commercial retail plaza presents a strong investment opportunity with stable income and a diversified tenant mix. The property generates approximately $19,000 per month in rental income totalling $228,000 annually.Annual operating expenses are approximately $40,000, resulting in a net operating income (NOI) of approximately $188,000 per year, the property offers a cap rate of approximately 6.6%.The plaza consists of multiple income-producing retail units occupied by established businesses, including an Indian restaurant, electronics store, cigarette/vape shop, hair salon, pizza shop, and a convenience store, providing consistent foot traffic and reduced vacancy risk.The property also offers approximately 30 on-site parking spaces, enhancing accessibility and tenant appeal. This is a solid opportunity for investors seeking stable cash flow with long-term potential. (id:49072)
| MLS® Number | X12728180 |
| Property Type | Retail |
| Community Name | 1101 - Chatelaine Village |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeExterior | 21000 Sqft |
| SizeInterior | 21000 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 144 M |
| SizeFrontage | 62.17 M |
| SizeIrregular | Bldg=62.17 X 144 M |
| SizeTotalText | Bldg=62.17 X 144 M |
| ZoningDescription | Commercial |
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