Mcleod Ave Unit 8, Spruce Grove, AB T7X 3Y1

Property Description

Add a proven, income-producing commercial asset to your investment portfolio with this approximately 1,044 sq. ft. corner retail condominium, ideally located in a high-traffic area of Spruce Grove. Unit 8 is being offered as an investment property only and is fully leased to an established liquor store that has successfully operated from the same location for approximately 15 years. The business intends to remain in the premises, providing the purchaser with an established long-term tenant and immediate rental income from the date of possession. Under the triple-net lease structure, the tenant is responsible for the property’s operating costs as outlined in the lease, helping reduce the owner’s day-to-day management responsibilities and providing a more predictable commercial investment. As a highly visible corner unit, the property benefits from excellent exposure, convenient customer access, paved surroundings and a versatile retail layout. Its proven operating history and location within the growing co