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104 13 St N 57,474 SF 100% Leased Retail Building Lethbridge, AB T1H 2R4 $8,300,000 CAD ($144.41 CAD/SF) 8% Cap Rate

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Investment Highlights

Strong mix of both daily-needs retail including corporate tenants Dollarama and Aaron’s, and office/professional services, catering to local residents
Positioned along the busy intersection of Highway 3 and 13th Street , the Subject Property is directly adjacent to Centre Village Mall
Additional standalone 11,534 SF retail building, priced well below replacement cost.

The Subject Property is comprised of two buildings: a two-storey 45,939 SF retail and office building with dock loading
Located within a high-traffic commercial corridor with excellent visibility and seamless ingress/egress
Shadowanchored by Canadian Tire, Save on Foods and London Drugs.

Executive Summary

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 104 13 Street North, Lethbridge, Alberta (the "Subject Property"). The Subject Property comprises 57,474 SF of multi-tenant retail and office space across two buildings on a 3.23-acre site, anchored by Dollarama L.P., and strategically positioned directly adjacent to Centre Village Mall at the intersection of Highway 3 and 13 Street North. The Subject Property provides investors with strong in-place income at an attractive 8.00% going-in cap rate, with upside via rental rate growth.

Brochure. 104 13 Street N, Lethbridge, AB