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 (id:47421)
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Detailed Information
Listing Contract Date
2025-10-22
Property Type
Business
Transaction Type
For sale
Building
Constructed Date
2011
Land
Total Size
130680 square feet
Acreage
Yes
Size of Irregular Land
130680
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