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$ 949,000
Est. payment /mo
Active
326 High ST W Moose Jaw, SK S6H 1S9
13,260 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 13,260 sqft
Price per Sqft $71
Subdivision Central Mj
MLS Listing ID SK043591
HOA Y/N No
Year Built 1985
Annual Tax Amount $27,222
Tax Year 2026
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 115.00
Property Sub-Type Retail
Property Description
Investor alert! Excellent opportunity to acquire a stable income-producing commercial property on busy High Street in downtown Moose Jaw, located very close to the Moose Jaw Event Centre and Main Street. This property features three established long-term tenants, all operating under triple net leases, which keeps the landlord's ongoing expenses limited primarily to structural and major mechanical items.
The property is currently producing a cap rate of 7.38%, with a future cap rate of 8.74%, offering both strong in-place income and upside potential. Existing rents appear to be below market, creating a solid long-term opportunity for an investor looking for dependable cash flow with room for future growth.
The building is equipped with rooftop HVAC and also includes a 1,640 sq. ft. Quonset that can be used by the owner for storage or potentially leased out to generate additional rental revenue. A clean Phase I ESA was completed in 2019, adding further confidence for purchasers reviewing the property.
With its downtown location, long-term tenants, triple net lease structure, below-market rents, and additional income potential, this is a very stable and practical commercial investment. Call today for the full information package. Signed NDA required.
The property is currently producing a cap rate of 7.38%, with a future cap rate of 8.74%, offering both strong in-place income and upside potential. Existing rents appear to be below market, creating a solid long-term opportunity for an investor looking for dependable cash flow with room for future growth.
The building is equipped with rooftop HVAC and also includes a 1,640 sq. ft. Quonset that can be used by the owner for storage or potentially leased out to generate additional rental revenue. A clean Phase I ESA was completed in 2019, adding further confidence for purchasers reviewing the property.
With its downtown location, long-term tenants, triple net lease structure, below-market rents, and additional income potential, this is a very stable and practical commercial investment. Call today for the full information package. Signed NDA required.
Location
Province SK
Area Moose Jaw
Interior
Heating Rooftop
Fireplace No
Others
Pets Allowed No
Ownership Freehold
Listed byRoyal LePage Next Level - Assiniboia