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Shopping Strip

1201 2A Avenue

1201 2 Avenue a N, Lethbridge, AB T1H 7E1

Listing Price: $2,800,000

Cap Rate
7.29%
Gross SF
12,398
Rentable SF
12,398
Price/Gross SF
$225.84
Lot Size
0.59 acres
Year Built
1996

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present for acquisition a 100% freehold interest in a Portfolio comprised of three properties, 1201 2A Avenue N, 104 13 Street N, and 225 28 Street N, Lethbridge, Alberta (collectively, the “Portfolio” or the “Properties”; individually the “Subject Property”), located in Lethbridge Alberta. The Portfolio provides an investor the unique opportunity to acquire three stable income producing properties, all within a close proximity to one another providing operational efficiencies and synergies.

Located within the heart of Lethbridge, each of the Subject Properties is exceptionally located with convenient access to many major amenities, educational institutions, and major transportation routes. The Portfolio is comprised of 105,332 square feet of retail, industrial, and limited office space, with a combined site size of 7.12 acres.

Investment Highlights

  • The Subject Property is occupied by a strong and diverse tenant mix including liquor, financial and other daily needs retail and office services, priced below replacement cost.
  • All tenants are operating on longstanding NNN leases.
  • The Subject Property is located across the street from Centre Village Mall, within proximity to prominent area tenants such as Canadian Tire, Save-On-Foods, and London Drugs.
  • The Subject Property is exceptionally positioned along 2A Avenue N, offering high visibility and accessibility that is complimented by ample surface parking.

Exclusively Listed By

Shopping Strip

1201 2A Avenue

Listing Price: $2,800,000

Cap Rate
7.29%
Gross SF
12,398
Rentable SF
12,398
Price/Gross SF
$225.84
Lot Size
0.59 acres
Year Built
1996

Investment Highlights

  • The Subject Property is occupied by a strong and diverse tenant mix including liquor, financial and other daily needs retail and office services, priced below replacement cost.
  • All tenants are operating on longstanding NNN leases.
  • The Subject Property is located across the street from Centre Village Mall, within proximity to prominent area tenants such as Canadian Tire, Save-On-Foods, and London Drugs.
  • The Subject Property is exceptionally positioned along 2A Avenue N, offering high visibility and accessibility that is complimented by ample surface parking.

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present for acquisition a 100% freehold interest in a Portfolio comprised of three properties, 1201 2A Avenue N, 104 13 Street N, and 225 28 Street N, Lethbridge, Alberta (collectively, the “Portfolio” or the “Properties”; individually the “Subject Property”), located in Lethbridge Alberta. The Portfolio provides an investor the unique opportunity to acquire three stable income producing properties, all within a close proximity to one another providing operational efficiencies and synergies. Located within the heart of Lethbridge, each of the Subject Properties is exceptionally located with convenient access to many major amenities, educational institutions, and major transportation routes. The Portfolio is comprised of 105,332 square feet of retail, industrial, and limited office space, with a combined site size of 7.12 acres.

Exclusively Listed By

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