Shopping Community
Plaza 1 - 104 13 Street
104 13 St N, Lethbridge, AB T1H 2R4
Listing Price: $8,300,000
Investment Overview
Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 104 13 Street North, Lethbridge, Alberta (the "Subject Property"). The Subject Property comprises 57,474 SF of multi-tenant retail and office space across two buildings on a 3.23-acre site, anchored by Dollarama L.P., and strategically positioned directly adjacent to Centre Village Mall at the intersection of Highway 3 and 13 Street North. The Subject Property provides investors with strong in-place income at an attractive 8.00% going-in cap rate, with upside via rental rate growth.
Plaza 1 - 104 13 Street
Investment Highlights
- Strong daily-needs retail mix with corporate tenants Dollarama and Aaron's, complemented by office and professional services serving North Lethbridge residents, with ample surface parking.
- The Subject Property comprises two buildings: a 45,939 SF two-storey retail and office asset with dock loading, plus an 11,534 SF standalone retail building, priced below replacement cost.
- Positioned along the busy intersection of Highway 3 and 13th Street , the Subject Property is directly adjacent to Centre Village Mall, shadow anchored by Canadian Tire, Save on Foods and London Drugs
- Located along a high-traffic commercial corridor, the property offers excellent visibility, efficient ingress and egress, and direct access to major arterials serving North Lethbridge.
Exclusively Listed By
Listing Price: $8,300,000
Investment Highlights
- Strong daily-needs retail mix with corporate tenants Dollarama and Aaron's, complemented by office and professional services serving North Lethbridge residents, with ample surface parking.
- The Subject Property comprises two buildings: a 45,939 SF two-storey retail and office asset with dock loading, plus an 11,534 SF standalone retail building, priced below replacement cost.
- Positioned along the busy intersection of Highway 3 and 13th Street , the Subject Property is directly adjacent to Centre Village Mall, shadow anchored by Canadian Tire, Save on Foods and London Drugs
- Located along a high-traffic commercial corridor, the property offers excellent visibility, efficient ingress and egress, and direct access to major arterials serving North Lethbridge.
Investment Overview
Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 104 13 Street North, Lethbridge, Alberta (the "Subject Property"). The Subject Property comprises 57,474 SF of multi-tenant retail and office space across two buildings on a 3.23-acre site, anchored by Dollarama L.P., and strategically positioned directly adjacent to Centre Village Mall at the intersection of Highway 3 and 13 Street North. The Subject Property provides investors with strong in-place income at an attractive 8.00% going-in cap rate, with upside via rental rate growth.
Exclusively Listed By
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