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115 First Ave 511 SF of Retail Space Available in Spruce Grove, AB T7X 2H4
HIGHLIGHTS
- Ideal for restaurant, office building in Spruce Grove's downtown core
- Ample parking
- Located along main thoroughfare, Hwy 16A with 27,000+/- vehicles passing by every day
- Close to a variety of amenities
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 511 SF | 5 Years | $48.74 USD/SF/YR $4.06 USD/SF/MO $24,905 USD/YR $2,075 USD/MO | Industrial Gross |
1st Floor, Ste 101
High Visibility Commercial Space for Lease in Spruce Grove City Centre! Now available - a modern, energy efficient main floor commercial unit with immediate availability in one of Spruce Grove's most prominent newer buildings. Ideally located just off Highway 16A with exposure to over 26,000 vehicles per day, this built out 511 sq ft space was previously used as an upscale bakery/takeout business and is perfect for a variety of uses. Designed with flexibility in mind, the building features onsite parking, secure heated storage options, elevator access, and shared washroom facilities. Tenants benefit from close proximity to dense residential areas and excellent walkability to local amenities.
- Listed rate may not include certain utilities, building services and property expenses
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 511 SF | Gross Leasable Area | 6,371 SF |
| Property Type | Retail | Year Built | 2022 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 1.72/1,000 SF |
| Total Space Available | 511 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,371 SF |
| Year Built | 2022 |
| Parking Ratio | 1.72/1,000 SF |
ABOUT THE PROPERTY
NEW ENERGY EFFICIENT BUILDING! Lease 1,324+/- square feet of main floor space in one of Spruce Grove's newest buildings. Ready to be built out, this unit can be designed to meet your needs! This building has optimum exposure along Highway 16A which sees an estimated 26,840 vehicles/day. Onsite parking with additional street parking available. Additional secure heated storage available for lease in basement with elevator access. Prime location for pedestrians from McLeod Avenue as well as surrounding residential neighbourhoods and commercial areas. Shared washroom available. The Landlord will consider tenant improvements. Permitted uses include personal services, professional/office service, retail sales. Zoned C1 - City Centre Commercial.
NEARBY MAJOR RETAILERS
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115 First Ave
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