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120 Mayor Magrath Dr N 1,152 - 6,667 SF of Space Available in Lethbridge, AB T1H 3B4
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 120F | 3,640 SF | Negotiable | $14.00 CAD/SF/YR $1.17 CAD/SF/MO $50,960 CAD/YR $4,247 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 124 | 1,875 SF | Negotiable | $14.00 CAD/SF/YR $1.17 CAD/SF/MO $26,250 CAD/YR $2,188 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 120F
This unit features a flexible floor plan and an overhead door. The unit is in a central location and offers free parking. The space would be suitable for an office, retail or light industrial user. Affordable operating costs make this unit a great option.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Open Floor Plan Layout
- Fits 10 - 30 People
- Central Air Conditioning
- Highly Desirable End Cap Space
- Overhead door
1st Floor, Ste 124
This retail space offers a highly visible location with ample free onsite parking. This unit is move-in ready for a retail user and features a finished showroom space. The unit also includes a loading area with a 12’x12’ overhead door and plenty of storage.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- 1 Loading Dock
- Central Air Conditioning
- 12'x12' overhead door
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 120F | 3,640 SF | Negotiable | $14.00 CAD/SF/YR $1.17 CAD/SF/MO $50,960 CAD/YR $4,247 CAD/MO | Triple Net (NNN) | ||
| 1st Floor - 120I | 1,152 SF | Negotiable | $14.00 CAD/SF/YR $1.17 CAD/SF/MO $16,128 CAD/YR $1,344 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 124 | 1,875 SF | Negotiable | $14.00 CAD/SF/YR $1.17 CAD/SF/MO $26,250 CAD/YR $2,188 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 120F
This unit features a flexible floor plan and an overhead door. The unit is in a central location and offers free parking. The space would be suitable for an office, retail or light industrial user. Affordable operating costs make this unit a great option.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Open Floor Plan Layout
- Fits 10 - 30 People
- Central Air Conditioning
- Highly Desirable End Cap Space
- Overhead door
1st Floor - 120I
Developed storage bay with overhead door in a convenient location.
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- Fits 10 - 30 People
- Highly Desirable End Cap Space
- Heated + insulated
1st Floor, Ste 124
This retail space offers a highly visible location with ample free onsite parking. This unit is move-in ready for a retail user and features a finished showroom space. The unit also includes a loading area with a 12’x12’ overhead door and plenty of storage.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- 1 Loading Dock
- Central Air Conditioning
- 12'x12' overhead door
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 120 MAYOR MAGRATH DR N, LETHBRIDGE, AB T1H 3B4
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- A Dog's World
- Services
- 1
- Local
- Songer Architecture Inc
- Professional, Scientific, and Technical Services
- 1
- Local
- Talk Nerdy to Me Inc.
- -
- 1
- -
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| A Dog's World | Services | 1 | Local |
| Songer Architecture Inc | Professional, Scientific, and Technical Services | 1 | Local |
| Talk Nerdy to Me Inc. | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 6,667 SF | Gross Leasable Area | 30,276 SF |
| Property Type | Retail | Year Built | 1975 |
| Property Subtype | Storefront |
| Total Space Available | 6,667 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 30,276 SF |
| Year Built | 1975 |
ABOUT THE PROPERTY
The subject property is located at an easily accessible North Lethbridge location. There is excellent exposure from Mayor Magrath Drive North, a busy main roadway that see’s 20,100 VPD+. Neighbouring businesses include NAPA Autopro, Petris Liquor Store, Coin Laundry, Songer Architecture, Talk Nerdy to Me, and Liquid Deals Inc.
NEARBY MAJOR RETAILERS
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120 Mayor Magrath Dr N
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