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Vacant-User

135 Leva Avenue

135 Leva Ave, Penhold, AB T4E 1B2

Listing Price: $3,180,000

Cap Rate
7.75%
Gross SF
7,953
Rentable SF
7,953
Price/Gross SF
$399.85
Lot Size
1.91 acres
Year Built
1989

Investment Overview

Marcus & Millichap Western Canada NNN Group is pleased to present the opportunity for an investor to acquire 135 Leva Avenue, Red Deer, Alberta (the “Subject Property”). The Subject Property is tenanted by Smitty’s, a national casual dining restaurant chain with over 80 locations across Canada, and is complemented by Tempo, an independent fuel operator serving Western Canada since 1960. The site also features Tesla Supercharger stations, adding a modern EV infrastructure component to the property's tenant mix. The Subject Property is located in Red Deer’s 'Gasoline Alley', along Highway 2 - one of Alberta’s busiest transportation corridors and is surrounded by major national and regional retailers

Investment Highlights

  • Freestanding 7,935 SF commercial asset on a 1.91-acre site, fully leased to Smitty's, Tempo, and Tesla Superchargers, with strong daily traffic drivers.
  • All tenants operate under 100% NNN leases, providing stable, predictable cash flow with minimal landlord responsibilities.
  • Newly constructed Tesla Supercharger with 12 active stalls and expansion rights for up to four additional stalls, enhancing long-term income potential.
  • Prime Gasoline Alley location with immediate Highway 2 exposure, capturing over 25,000 vehicles per day between Edmonton and Calgary.
  • Surrounded by major national retailers including Tim Hortons, Starbucks, and Wendy's within one of Red Deer's most established commercial hubs.

Exclusively Listed By

Vacant-User

135 Leva Avenue

Listing Price: $3,180,000

Cap Rate
7.75%
Gross SF
7,953
Rentable SF
7,953
Price/Gross SF
$399.85
Lot Size
1.91 acres
Year Built
1989

Investment Highlights

  • Freestanding 7,935 SF commercial asset on a 1.91-acre site, fully leased to Smitty's, Tempo, and Tesla Superchargers, with strong daily traffic drivers.
  • All tenants operate under 100% NNN leases, providing stable, predictable cash flow with minimal landlord responsibilities.
  • Newly constructed Tesla Supercharger with 12 active stalls and expansion rights for up to four additional stalls, enhancing long-term income potential.
  • Prime Gasoline Alley location with immediate Highway 2 exposure, capturing over 25,000 vehicles per day between Edmonton and Calgary.
  • Surrounded by major national retailers including Tim Hortons, Starbucks, and Wendy's within one of Red Deer's most established commercial hubs.

Investment Overview

Marcus & Millichap Western Canada NNN Group is pleased to present the opportunity for an investor to acquire 135 Leva Avenue, Red Deer, Alberta (the “Subject Property”). The Subject Property is tenanted by Smitty’s, a national casual dining restaurant chain with over 80 locations across Canada, and is complemented by Tempo, an independent fuel operator serving Western Canada since 1960. The site also features Tesla Supercharger stations, adding a modern EV infrastructure component to the property's tenant mix. The Subject Property is located in Red Deer’s 'Gasoline Alley', along Highway 2 - one of Alberta’s busiest transportation corridors and is surrounded by major national and regional retailers

Exclusively Listed By

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