104 13 St N - Retail FOR SALE


Lethbridge, AB T1H 2R4
$8,300,000 CAD
604-562-4996
104 13 St N, Lethbridge, AB for Sale
$8,300,000 CAD
Retail - FOR SALE
1/8
null | 8% Cap Rate

104 13 St N
Lethbridge, AB T1H 2R4


HIGHLIGHTS

  • Strong mix of both daily-needs retail including corporate tenants Dollarama and Aaron’s, and office/professional services, catering to local residents
  • The Subject Property is comprised of two buildings: a two-storey 45,939 SF retail and office building with dock loading
  • Positioned along the busy intersection of Highway 3 and 13th Street , the Subject Property is directly adjacent to Centre Village Mall
  • Located within a high-traffic commercial corridor with excellent visibility and seamless ingress/egress
  • Additional standalone 11,534 SF retail building, priced well below replacement cost.
  • Shadowanchored by Canadian Tire, Save on Foods and London Drugs.

OVERVIEW

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 104 13 Street North, Lethbridge, Alberta (the "Subject Property"). The Subject Property comprises 57,474 SF of multi-tenant retail and office space across two buildings on a 3.23-acre site, anchored by Dollarama L.P., and strategically positioned directly adjacent to Centre Village Mall at the intersection of Highway 3 and 13 Street North. The Subject Property provides investors with strong in-place income at an attractive 8.00% going-in cap rate, with upside via rental rate growth.

FOR SALE DETAILS

PRICE

$8,300,000 CAD

PRICE/SF

$553 CAD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

3.23 AC

LAND SF

140,699 SF

ZONING

C-G

APN/PARCEL ID

0014-611-701,0024-092-678

ASK ABOUT THIS PROPERTY

Curtis LeonhardtMarcus & MillichapMore Info
604-562-4996

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Curtis LeonhardtMarcus & MillichapMore Info
604-562-4996

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.