$1.00 1,855 Sq.ft

4, 1370 Robinson Avenue , Penhold. T0M 1R0

Description

Very visible and desirable location on the highway between Red Deer and Penhold. Newer and well maintained attractive building with ample ground parking for customers. Current tenants are Canada Post and a retail Cannabis store creating strong pedestrian traffic. Building is located adjacent to new commercial center with Tim Hortons, Subway, pharmacy, grocery store doctor & dentist offices, liquor store, gas station, child care, etc. Space is suitable for a Thrift Store, Retail Store, Yoga/Fitness Studio or a Pub &/or Restaurant. Penhold is a growing area located 7 minutes south of Red Deer with a population of approximately 3,706 (2023) and a trading area of 130,000. Current NNN is approximately $7.60 per sq. ft. Prefer a 5 year lease with escalations to be negotiated. Landlord open to completing improvements for qualified tenant. Property taxes are included in the NNN costs. Basic rent is free (Base Rent) for the 1st 6 months of a 5 year lease. This unit can be combined with unit #3 for a total sq. footage or 3,710 sq. ft. Landlord is prepared to provide lease and improvement inducements for the right tenant.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A1055995
City:Penhold
Neighbourhood:Hawkridge Estates
Province:Alberta
Building/Unit Size: 1,855 sq.ft
Land Size:0.00 Acre
Listing Price:$1.00
Lease Rate: $1.00
Business Type:
Property Subtype:Retail
Transaction Type:For Lease
Land Use Code:C2
Listing Contract Date:2020-12-22

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Century 21 Maximum" listing brokerage.

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