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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
Subdivision Hawkridge Estates
MLS® Listing ID A1055995
Originating Board Central Alberta
Year Built 2013
Annual Tax Amount $1
Tax Year 2020
Property Sub-Type Retail
Property Description
Very visible and desirable location on the highway between Red Deer and Penhold. Newer and well maintained attractive building with ample ground parking for customers. Current tenants are Canada Post and a retail Cannabis store creating strong pedestrian traffic. Building is located adjacent to new commercial center with Tim Hortons, Subway, pharmacy, grocery store doctor & dentist offices, liquor store, gas station, child care, etc. Space is suitable for a Thrift Store, Retail Store, Yoga/Fitness Studio or a Pub &/or Restaurant. Penhold is a growing area located 7 minutes south of Red Deer with a population of approximately 3,706 (2023) and a trading area of 130,000. Current NNN is approximately $7.60 per sq. ft. Prefer a 5 year lease with escalations to be negotiated. Landlord open to completing improvements for qualified tenant. Property taxes are included in the NNN costs. Basic rent is free (Base Rent) for the 1st 6 months of a 5 year lease. This unit can be combined with unit #3 for a total sq. footage or 3,710 sq. ft. Landlord is prepared to provide lease and improvement inducements for the right tenant.
Location
Province AB
County Red Deer County
Zoning C2
Others
Restrictions None Known
Tax ID 57320231
Ownership Other
Listed by Century 21 Maximum
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