T1K Drug Stores for Sale

Commercial Real Estate in T1K available for sale

T1K Drug Store for Sale

3420 S Fairway Plaza Rd

Lethbridge, AB T1K 6Z2

Office/Retail for Sale
$1,048,730 CAD
3,383 SF
1 Unit Available

Lethbridge Retail for Sale

Avison Young is pleased to present a rare opportunity to acquire build to suit space in a desirable south Lethbridge development. Quality site tenants include KPMG, Monroe Salon Studios, Rocky Mountain Endodontics & Microsurgery, Peak Prosthodontics, and Wellington-Atlus Wealth.

Contact:

Avison Young

Property Subtype:

Storefront

Date on Market:

2025-05-19

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Retail Spaces for Sale Within of T1K

More details for 886 Heritage Blvd W, Lethbridge, AB - Retail for Sale

Heritage Heights Plaza West - 886 Heritage Blvd W

Lethbridge, AB T1K 7V5

Retail for Sale
$3,325,000 CAD
10,180 SF

Lethbridge Retail for Sale

This six-unit commercial retail strip mall offers a solid, income-producing investment with a strong history of upkeep and reinvestment. Built in 2003 with significant upgrades completed in 2019, the property continues to show well, with Unit 890 fully renovated in 2024. Gabled architectural accents give the building an attractive, cohesive look and strong street-level presence. The property is well equipped for long-term performance, featuring nine rooftop HVAC units with supplemental electric heat at the unit entrances, 1200-amp, 3-phase electrical service and a security camera system. Parking is a major advantage, with an estimated 65 on-site stalls plus employee and shared overflow parking within the plaza, resulting in an excellent parking ratio of 6.39%. From an investment perspective, the property generates a current net operating income (NOI) of $165,600 at 76.61% occupancy, providing for a value-add opportunity for an additional $55,000 in NOI upon full occupancy. The rent roll features staggered lease expiries ranging from December 2026 through March 2036, providing both income stability and future leasing flexibility. Escalating rental rates are in place, with an average projected rent of $23.75 per square foot in 2026, positioning the asset for steady income growth over the holding period.