326 High STREET W, Moose Jaw, Saskatchewan, S6H 1S9

MLS® # SK043591

Commercial For Sale In Moose Jaw, Saskatchewan

$949,000

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326 High STREET W, Moose Jaw, Saskatchewan, S6H 1S9

$949,000

Property Information:

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. (id:27)

Building Features:

Style: Retail
Building Type: Retail
Amenities: Storefront
Floor Space: 13260 sqft Square Feet

Property Features:

OwnershipType: Freehold
Property Type: Retail
Built in: 1985
Floor Space (approx): 13260 Square Feet
Irregular: Yes
Lot Frontage: 115 Feet
Lot Size: 0.32 Acres

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Notes:

Gayland Panko

Owner/Manager Royal LePage Next Level *

Mobile:306.630.7911

View All of Gayland's Listings

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Market Price Trends

Location of 326 High STREET W, Moose Jaw, Saskatchewan, S6H 1S9

Lifestyle
Neighbourhood

Demographic Information of 326 High STREET W, Moose Jaw, Saskatchewan, S6H 1S9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$78,903.80

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.27 %

High school certificate or equivalent

35.78 %

Apprenticeship trade certificate/diploma

12.95 %

College/non-university certificate

17.73 %

University certificate (below bachelor)

0.98 %

University Degree

9.29 %

Commuter

Travel To Work

By Car

72.89 %

By Public Transit

2.14 %

By Walking

23.16 %

By Bicycle

0.0 %

By Other Methods

1.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.2 %

Houses

46.8 %

Own Vs. Rent

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326 High STREET W, Moose Jaw, Saskatchewan, S6H 1S9 $949,000 MLS® # SK043591