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2802-2810 5 Av N 20,903 SF 100% Leased Retail Building Lethbridge, AB T1H 0P1 $1,862,571 USD ($89.11 USD/SF) 9.23% Cap Rate
INVESTMENT HIGHLIGHTS
- The subject property offers a busy strip plaza with exposure to 16,800 VPD+ from 5th Avenue North.
- urrent building tenants include Honkers Pub & Eatery, Caveman Transport, Viagen, WD Counselling, Barber John’s Men’s Hairstyling
EXECUTIVE SUMMARY
This investment property has a history of very little vacancy and most tenants have been in their space for 5+ years. The property has a net income of approximately $225,000. The current owner has made it a priority to complete the regularly required building maintenance, including regularly replacing HVAC units. Please contact an Associate to discuss this opportunity further.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,903 SF
Building Class
C
Year Built
2000
Price
$1,862,571 USD
Price Per SF
$89.11 USD
Cap Rate
9.23%
NOI
$171,915 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.33 AC
Zoning
D-C - Direct Control
Parking
55 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
310’ on 5 Avenue North
NEARBY MAJOR RETAILERS
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2802-2810 5 Av N
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