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104 3rd Ave SE 10,357 SF 100% Leased Retail Building High River, AB T1V 1G3 $1,306,661 USD ($126.16 USD/SF)



Executive Summary
Welcome to Heritage Village!! A fully leased multi-tenant retail investment opportunity, located downtown High River! This property offers investors cash flow with significant upside potential. The property features a strong mix of food, retail, beauty, and service-oriented tenants, anchored by a long-term Pizza 73 lease extending through 2036. The building is approximately 10,000sqft, generates stable income and has below market rental rates, that provide for future growth. Allowing investors to further enhance NOI and long-term value. This is an excellent opportunity for dependable income in a growing Southern Alberta/High River market, that has a strong community and limited retail inventory. Investment highlights include - Fully leased retail strip, diversified tenant mix, long-term Pizza 73 anchor lease, stable annual NOI, below-market in-place rents with upside potential, strong exposure in downtown High River, attractive investment for passive income and long-term appreciation. This building is ideal for, hold-and-grow portfolios, passive income buyers or anyone looking to become a commercial real estate investor in the province of Alberta. Confidential lease and financial information available upon request - NDA required. Please do not approach or interrupt the tenants and their day to day operations. (32072081)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,357 SF
Building Class
B
Year Built
1984
Price
$1,306,661 USD
Price Per SF
$126.16 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.61 AC
Zoning
CBD - Commercial Business
Parking
16 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Moderately walkable
70/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 6
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104 3rd Ave SE
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