2802 5th Avenue North
Lethbridge, AB
Investment Opportunity
Offering Summary
- Opportunity 20,903 SF
- Site Size 1.33 acres
- Zoning Direct Control (D-C)
- Sale Price $2,600,000
- Projected Net Income $225,000 per year
- Cap Rate 8.56% Projected
- Possession Negotiable
Overview
This investment property has a history of very little vacancy and most tenants have been in their space for 5+ years. The property has a net income of approximately $225,000. The current owner has made it a priority to complete the regularly required building maintenance, including regularly replacing HVAC units. Please contact an Associate to discuss this opportunity further.
The subject property offers a busy strip plaza with exposure to 16,800 VPD+ from 5th Avenue North. Current building tenants include Honkers Pub & Eatery, Caveman Transport, Viagen, Independent Counselling Enterprises Inc., Barber John’s Men’s Hairstyling, and KatWorks Nail Salon.
Property Highlights
Priced at $124 PSF on the asking price
50+ parking stalls on site
Pylon and unit signage
Regular property maintenance
Conveniently accessible location
