Net-leased commercial investment property secured by a long-term lease to a well-established health services provider delivering essential mental health, counselling, and addiction treatment services throughout Saskatchewan. The current net lease term extends to April 30, 2035, with an additional five-year renewal option, providing investors with long-term income stability. The lease generates net rental income commencing at $317,000 annually, with built-in annual escalations, offering predictable cash flow and inflation protection. Tenant operations are supported by stable funding through government and private programs. The property comprises a 56-room, two-storey, limited-service motel, constructed of concrete block with a peaked metal roof and a durable exterior finish of vinyl and wood siding. Significant capital improvements and renovations have been completed, including upgrades to security systems, furniture, flooring, and roofing, as well as comprehensive renovations to the lobby, laundry facilities, breakfast room, and washrooms. In recent months, a new commercial kitchen and metal access gate have been installed, further enhancing the functionality and value of the asset. Strategically located along the highly visible Idylwyld Drive commercial corridor, the property benefits from strong exposure and excellent accessibility, with convenient access to Saskatoon International Airport and Highways 5, 11, and 12—key transportation routes serving the region. This offering represents a compelling opportunity to acquire a stabilized, net-leased asset with a mission-critical tenant, long-term lease security, and strong fundamentals in a prominent commercial location. Buyer to verify all measurements for accuracy. Financial information available upon execution of a confidentiality agreement. (29223743)
Property Type
Hospitality
Neighbourhood Name
Mayfair
Annual Property Taxes
$33,362 (CAD)
Time on REALTOR.ca
11 hours
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