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Eastview Centre 3803-3903 40th Ave 967 - 7,966 SF of Space Available in Red Deer, AB T4N 6R9
HIGHLIGHTS
- High exposure corner
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,606 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 4,393 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor | 967 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
3803-3903 40th Ave - 1st Floor
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
3803-3903 40th Ave - 1st Floor
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
3803-3903 40th Ave - 2nd Floor
- Fully Built-Out as Standard Office
- Office intensive layout
- Fits 3 - 8 People
- Highly Desirable End Cap Space
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 EASTVIEW CENTRE
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- 7Eleven
- Convenience Market
- 671
- International
- BMO Bank
- Bank
- 1,596
- International
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| 7Eleven | Convenience Market | 671 | International |
| BMO Bank | Bank | 1,596 | International |
PROPERTY FACTS
| Total Space Available | 7,966 SF | Gross Leasable Area | 34,570 SF |
| Center Type | Neighborhood Center | Total Land Area | 2.94 AC |
| Parking | 144 Spaces | Year Built | 1998 |
| Center Properties | 2 |
| Total Space Available | 7,966 SF |
| Center Type | Neighborhood Center |
| Parking | 144 Spaces |
| Center Properties | 2 |
| Gross Leasable Area | 34,570 SF |
| Total Land Area | 2.94 AC |
| Year Built | 1998 |
ABOUT THE PROPERTY
This grocery- and pharmacy-anchored shopping centre is strategically located in Red Deer’s rapidly developing east end, offering a high-exposure site at the intersection of 40th Avenue and 39th Street. Currently 97% leased, the centre boasts a strong tenant mix including IGA, Bank of Montreal, and 7-Eleven, with over 65% of the space occupied by essential service providers such as grocery, pharmacy, and liquor retailers. The property benefits from access to a dense residential population, with over 7,300 residents within a 1-kilometre radius, making it an ideal investment opportunity in a growing market.
NEARBY MAJOR RETAILERS
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Eastview Centre | 3803-3903 40th Ave
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