This meticulously maintained office building is located right on Hwy 2A, offering excellent visibility and accessibility. The property is 100% leased with true NNN leases, ensuring that tenants cover all operating costs, making this a hassle-free investment. The largest tenant has been in place for over 20 years, adding stability to this exceptional asset. Listed at a 7.18% cap rate and open to offers, this property presents a rare opportunity to acquire a turnkey investment in the heart of Red Deer’s vibrant downtown core. Recent upgrades include 4 brand-new HVAC systems (installed in 2022, Approx. $60,000) and new LED lighting with electrical work (completed in 2022, Approx. $23,000). These updates reduce operating expenses and enhance energy efficiency for years to come.
Address
4806 51 Avenue
List Price
$1,350,000
Property Type
Commercial
Type of Dwelling
Mixed Use
Area
Red Deer
Sub-Area
Downtown Red Deer
Year Built
1980
MLS® Number
A2182031
Listing Brokerage
Royal LePage Solutions
Postal Code
T4N 4H3
Zoning
C1