4, 1370 Robinson Avenue, Penhold

2021-09-28
 

Quick Summary

Location
4, 1370 Robinson Avenue, Penhold, Alberta T0M1R0
Price
$1 CAD
Status:
For lease
Property Type:
Retail
Area:
1855ft2
Year of Construction:
2013

MLS®#A1055995

Property 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 3,916 (2022) 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. (id:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 1855 sqft
  • Building Type: Retail

Land

  • Land Size: Unknown

Zoning

  • Description: C2

Information entered by Century 21 Maximum
Listing information last updated on: 2024-04-16 15:40:51


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