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3433 50 Ave 3,498 SF of Retail Space Available in Red Deer, AB T4N 3Y3
HIGHLIGHTS
- Ample surface parking.
- Frontage on Gaetz Ave Service Rd.
- Located nearby public transit.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,498 SF | Negotiable | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $69,960 CAD/YR $5,830 CAD/MO | Triple Net (NNN) |
1st Floor
This expansive 3,498 square foot retail unit boasts a coveted corner lot position.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Signage
- Natural Light
- Frontage on Busy Street
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.
PROPERTY FACTS
| Total Space Available | 3,498 SF | Gross Leasable Area | 12,000 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 3,498 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 12,000 SF |
| Year Built | 1980 |
ABOUT THE PROPERTY
Corner lot position on one of the city’s most prominent thoroughfares, Gaetz Avenue. With its high exposure location, your business will benefit from constant visibility to passing traffic, ensuring maximum footfall and brand awareness. Equipped with HVAC systems, this unit offers climate control to ensure comfort for both customers and staff year-round. The spacious open layout provides ample room for showcasing your merchandise or creating an inviting environment for your services. Plus, with the convenience of a back loading door, receiving and stocking inventory is a breeze. Parking will never be a concern with this property, as it offers great parking facilities for both customers and employees, enhancing accessibility and convenience. Adjacent to the Benjamin Moore store, your business will enjoy the synergy of being located next to a well-known brand, drawing in additional traffic and potential customers.
NEARBY MAJOR RETAILERS
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3433 50 Ave
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