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540 16 Av NE 1,085 - 7,740 SF of Retail Space Available in Calgary, AB T2E 1K4
HIGHLIGHTS
- Anchors: Calgary Co-op grocery (~41–44ksf), Co-op Wine Spirits &Beer, Co-op Gas Bar & Connect First Credit Union
- Residential Units: 180+ rental apartments above retail, offering immediate captive customer base
- Access: Easy ingress/egress via Deerfoot Trail North and Crowchild Trail
- Retail Build-out: Approx. 55,000?sf ground-floor retail within Phase-1 opening 2025
- Catchment: Serving Renfrew, Crescent Heights, Tuxedo, Winston Heights neighborhoods
- Transit / Walk Score: Strong Walk and Bike scores (~88/100), good Transit (~57/100) for retail catchment
SPACE AVAILABILITY (6)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste B01 | 2,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste B02 | 1,085 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste B03 | 1,085 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste B04 | 1,090 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste B05 | 1,085 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste B07 | 1,395 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor, Ste B01
Unit B01 offers 1,550 square feet of premium main-floor retail space with direct exposure along high-traffic 16 Avenue NE. This space is ideal for food service, wellness, medical, or boutique retail. The unit is delivered in shell condition, allowing for custom tenant improvements to suit a wide variety of retail concepts. Located within the Co-op–anchored Munro redevelopment, it benefits from built-in foot traffic from 180+ residential units above and major daily draws like Co-op Grocery and Connect First Credit Union. Signage potential and strong visibility make this an excellent opportunity for brand presence in a dynamic mixed-use community.
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- 1,550 SF prime main-floor retail
- Direct 16 Ave NE exposure
- In Co-op anchored development
- Custom TI opportunities available
- Ideal for service, wellness, or food
- Shell condition, immediate occupancy
1st Floor, Ste B02
Unit B802 provides 1,085 square feet of flexible ground-floor retail space in one of Calgary’s most promising mixed-use redevelopments. This smaller bay is well-suited for boutique retailers, coffee shops, financial services, or specialty health tenants. With direct pedestrian access and strong visibility to vehicular traffic on 16 Avenue NE, the unit is positioned to capture consistent local and commuter attention. Proximity to anchors like Co-op Wine, Spirits & Beer and the adjacent Calgary Co-op Gas Bar enhances customer traffic and co-tenancy synergy.
- Located in-line with other retail
- Space is in Excellent Condition
- 1,085 SF small-format retail unit
- Excellent 16 Ave visibility & access
- Walkable, bikeable, transit-connected
- Flexible space for retail/service users
- Adjacent to Co-op Gas & WSB store
- Ideal for boutique or specialty retail
1st Floor, Ste B03
1,085 square feet available for lease. Flexible space for retail/service users
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Excellent 16 Ave visibility & access
1st Floor, Ste B04
1,090 square feet available for lease. Flexible space for retail/service users
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Excellent 16 Ave visibility & access
1st Floor, Ste B05
1,090 square feet available for lease. Flexible space for retail/service users
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Excellent 16 Ave visibility & access
1st Floor, Ste B07
1,395 square feet available for lease. Flexible space for retail/service users
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- Excellent 16 Ave visibility & access
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 | 7,740 SF | Year Built | 2026 |
| Property Type | Retail | Parking Ratio | 2.39/1,000 SF |
| Property Subtype | Storefront | Construction Status | Under Construction |
| Gross Leasable Area | 8,375 SF |
| Total Space Available | 7,740 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,375 SF |
| Year Built | 2026 |
| Parking Ratio | 2.39/1,000 SF |
| Construction Status | Under Construction |
ABOUT THE PROPERTY
Munro is a landmark mixed-use redevelopment along vibrant 16 Avenue?NE, featuring a $100?million investment in retail and rental housing. Anchored by Calgary Co-op (grocery, wine/liquor, gas bar) and Connect First Credit Union, the site offers 55,000?sf of street-level retail and 180 purpose-built rental units. The building serves the communities of Renfrew, Crescent Heights, Tuxedo, and Winston Heights, with seamless access from Deerfoot Trail and Crowchild Trail
NEARBY MAJOR RETAILERS
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540 16 Av NE
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