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Warehouse Square Bldg B2 905 1 Ave S 1,000 - 6,227 SF of Retail Space Available in Lethbridge, AB T1J 4C2
HIGHLIGHTS
- A quality-focused redevelopment project
- Ample free parking on site for staff and customers
- Quality site anchor tenants
- High exposure, located at the highest traffic intersection in the City
- 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 | 1,000-6,227 SF | 10 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Up to 6,227 sf *Demisable Flexible size options
- Located in-line with other retail
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 WAREHOUSE SQUARE BLDG B2
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Joey's Restaurants
- Restaurant
- 30
- National
- Olympia Liquor
- Liquor
- 18
- National
- Penningtons
- Ladies' Apparel
- 97
- National
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Joey's Restaurants | Restaurant | 30 | National |
| Olympia Liquor | Liquor | 18 | National |
| Penningtons | Ladies' Apparel | 97 | National |
PROPERTY FACTS
| Total Space Available | 6,227 SF | Gross Leasable Area | 29,665 SF |
| Min. Divisible | 1,000 SF | Total Land Area | 2.59 AC |
| Property Type | Retail | Year Built | 1990 |
| Property Subtype | Storefront | Parking Ratio | 5.46/1,000 SF |
| Total Space Available | 6,227 SF |
| Min. Divisible | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 29,665 SF |
| Total Land Area | 2.59 AC |
| Year Built | 1990 |
| Parking Ratio | 5.46/1,000 SF |
ABOUT THE PROPERTY
Warehouse Square is located at the entryway to downtown Lethbridge at the highest trafficked intersection in the city. Adjacent to the retail core of downtown, the property benefits from the revitalization and redevelopment taking place in the area. Built in 1990, this retail centre was originally owned by an institutional landlord. The site was purchased locally in 2022. Under new ownership, vacancies are being addressed and a redevelopment marketing strategy is underway which focuses on converting Warehouse Square from a traditional retail site to a quality focused mixed-use development. The redevelopment will include modern finishes and energy efficient design practices. This aligns with the City of Lethbridge’s Area Redevelopment Plan (ARP) for the Warehouse District and the revitalization of this portion of central Lethbridge. With an overarching vision and coordinated plan for development, the city aims to establish a broader district-level vision based on extensive stakeholder engagement and a thorough understanding of the area’s past and current context.
- Freeway Visibility
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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Warehouse Square Bldg B2 | 905 1 Ave S
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