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3829 Mayor Magrath Dr S 11,616 SF of Retail Space Available in Lethbridge, AB T1K 8E2
HIGHLIGHTS
- Quality anchor tenants that are not found anywhere else in Lethbridge
- Great exposure along Mayor Magrath Drive South (32,600 VPD+)
- Primary retail service node for Lethbridge
- Ample free parking on site for staff and customers
- Excellent pylon and fascia signage opportunity
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 11,616 SF | 1-10 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Large format retail pad site available at Coulee Creek Common. There is the option to potentially demise the building into smaller units, please contact an Associate to discuss this opportunity further. The subject property is well located in South Lethbridge, Alberta, on the controlled intersection of Mayor Magrath Drive South (32,600 VPD+) and Southgate Boulevard South. The Mayor Magrath South corridor is the primary retail service node for the Lethbridge and area market. The corridor features national and local retailers such as Home Sense, Marshalls, Cora's, Lowe's, Red Wing Shoes, Pet Smart, Canadian Blood Services, Five Guys, and Edo Japan.
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Excellent pylon and fascia signage opportunity
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 | 11,616 SF | Gross Leasable Area | 24,292 SF |
| Property Type | Retail | Total Land Area | 2.50 AC |
| Property Subtype | Storefront | Year Built | 2000 |
| Total Space Available | 11,616 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 24,292 SF |
| Total Land Area | 2.50 AC |
| Year Built | 2000 |
ABOUT THE PROPERTY
The subject property is well located in South Lethbridge, Alberta, on the controlled intersection of Mayor Magrath Drive South (32,600 VPD+) and Southgate Boulevard South. The Mayor Magrath South corridor is the primary retail service node for the Lethbridge and area market. The corridor features national and local retailers such as Home Sense, Marshalls, Cora's, Lowe's, Red Wing Shoes, Pet Smart, Canadian Blood Services, Five Guys, and Edo Japan.
NEARBY MAJOR RETAILERS
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3829 Mayor Magrath Dr S
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