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Vacant-User

1276 3rd Ave S

1276 3 Ave S, Lethbridge, AB T1J 0J9

Listing Price: $2,100,000

Cap Rate
7.00%
Gross SF
7,226
Rentable SF
7,226
Price/Gross SF
$290.62
Lot Size
0.32 acres
Year Built
1992

Investment Overview

The Subject Property represents a 100% occupied investment property featuring two tenants offering daily-needs services, situated at a high-profile intersection with excellent exposure and ingress/egress within the Upper Eastside neighbourhood of Lethbridge.

Investment Highlights

  • Prominent location on the southwest corner of a fully signalized intersection at 3rd Ave S and 13th Street S
  • The Subject Property benefits from excellent frontage and exposure onto two high-traffic arterials, as well as proximity and easy access to regional thoroughfares, Highway 3 and Highway 5
  • Well-positioned to service the residents of Westminster, Senator Buchanan, Upper Eastside, Glendale, and nearby all other daily needs services
  • Lethbridge is renowned as the hub of Southern Alberta due to its balanced growth and healthy mix of businesses anchored to the community
  • High-quality, two-tenant daily-needs services asset leased to PPG Architectural Coatings Canada Inc. (operating as Dulux Paints) and Fire & Flower Inc.
  • Triple-Net Leases with contractual rental escalations for Dulux Paints in April 2023 and April 2024

Exclusively Listed By

Listing Price: $2,100,000

Cap Rate
7.00%
Gross SF
7,226
Rentable SF
7,226
Price/Gross SF
$290.62
Lot Size
0.32 acres
Year Built
1992

Investment Highlights

  • Prominent location on the southwest corner of a fully signalized intersection at 3rd Ave S and 13th Street S
  • The Subject Property benefits from excellent frontage and exposure onto two high-traffic arterials, as well as proximity and easy access to regional thoroughfares, Highway 3 and Highway 5
  • Well-positioned to service the residents of Westminster, Senator Buchanan, Upper Eastside, Glendale, and nearby all other daily needs services
  • Lethbridge is renowned as the hub of Southern Alberta due to its balanced growth and healthy mix of businesses anchored to the community
  • High-quality, two-tenant daily-needs services asset leased to PPG Architectural Coatings Canada Inc. (operating as Dulux Paints) and Fire & Flower Inc.
  • Triple-Net Leases with contractual rental escalations for Dulux Paints in April 2023 and April 2024

Investment Overview

The Subject Property represents a 100% occupied investment property featuring two tenants offering daily-needs services, situated at a high-profile intersection with excellent exposure and ingress/egress within the Upper Eastside neighbourhood of Lethbridge.

Exclusively Listed By

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