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1265 3 Av S 5,000 SF of Retail Space Available in Lethbridge, AB T1J 0K2
HIGHLIGHTS
- The building was built in 1959 with major renovations completed in 2021
- The location is in close proximity to the downtown and is easily accessible.
- The location offers excellent exposure and high traffic counts with frontage on 3rd Avenue South (13,600 VPD+).
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Modernized property offering a mix of showroom, office and shop space
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Overhead door
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 | 5,000 SF | Gross Leasable Area | 5,000 SF |
| Property Type | Retail | Year Built/Renovated | 1959/2021 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 5,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 5,000 SF |
| Year Built/Renovated | 1959/2021 |
ABOUT THE PROPERTY
The subject property sits on a lot with an area of 50’ x 125’ with the building taking up 50’ x 100’. This 5,000 SF opportunity includes a 3,625 SF shop with an overhead door and 1,375 SF of office / showroom space with large windows. The building underwent major renovations in 2021 that included new HVAC, 80K BTU Bryant high-efficiency furnace, 3.5-ton AC unit, and electric make-up air. There is also new flooring throughout. There is private parking in the rear of the building for staff and street parking available along 3rd Avenue South for clients. This commercial property would be suitable for a retail or office user. Please contact an Associate to discuss this sale or lease opportunity further.
NEARBY MAJOR RETAILERS
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1265 3 Av S
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