JN REAL ESTATE GROUP

Grandview

FOR SALE

$950,000

PURCHASE PRICE

4411 59 Street , Stettler · T4K 1J1

MIXED USE · BUILT 1979

MLS A2333818 · 22 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

INVESTMENT OPPORTUNITY – GRAND VIEW PLAZA! An excellent opportunity to own a fully leased commercial property offering strong income, long-term tenancy and minimal owner involvement. Grand View Plaza generates $8250/ per month in base rental income, or $99,000 annually, plus GST. Current rents include $2,750/month for the liquor store, $1,500/month for the barber shop, and $4,000/month for the grocery store business (currently leased to the tenant)and bay. Two new (Aug 2026) five-year leases and one new(June 2026) three-year lease are in place. Tenants are responsible for their respective operating expenses as set out in the leases, including property taxes, insurance, utilities, and their own snow removal. The plaza benefits from two established, long-term tenants who intend to stay, along with an exciting new business expected to bring additional traffic to the property. Significant capital improvements have already been completed, with over 100k invested into a new roof and updated/replaced HVAC units in 2019, plus replacement of majority of the windows in two of the three bays very recently. Located along a busy corridor just off Highway 56, Grand View Plaza offers excellent accessibility, easy vehicle access and a large parking lot. Adding another unique layer to this investment, the sale includes ownership of the Grand View Grocery business, along with the equipment, shelving and fixtures used to operate it. The grocery business and bay are currently leased under a new five-year agreement, providing additional future potential for the purchaser, with no current involvement in the business. With a high cap rate, long-term tenancy, significant capital improvements already completed and minimal ongoing owner responsibilities, Grand View Plaza presents an attractive opportunity for an investor seeking high income with a hands off approach.

DETAILS

TRANSACTION

TRANSACTION
For Sale
LEASE MEASURE
Square Feet
LEASE TERM
Other

BUILDING

TYPE
Mixed Use
YEAR BUILT
1979
CONSTRUCTION
Brick · Concrete
ROOF
Flat Torch Membrane
FOUNDATION
Poured Concrete

PARKING

TOTAL PARKING
20

LOT & EXTERIOR

LOT SIZE (SQFT)
17,424
LOT SIZE (ACRES)
0.4
LOT
Low Maintenance Landscape · Paved · Street Lighting

COMMUNITY

COMMUNITY
Grandview
ZONING
C2
POSTAL CODE
T4K 1J1

UTILITIES & COSTS

HEATING
Forced Air · Natural Gas
COOLING
Central Air
ANNUAL TAXES
$10,208

LISTING COURTESY OF JULIE GREINER · REAL BROKER

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.