380 University DR W, Lethbridge, Alberta T1J 5C9 - MLS® C4209040

 
FOR SALE $16,675,000.00
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Constructed in 2011, the property is 100% leased to three major national tenants, two of which are improved with a drive-thru. The site serves the West Lethbridge area and is situated directly adjacent to two grocery stores.
• Community oriented retail plaza comprised of two buildings situated in the West Highlands neighbourhood • Strong tenant roster that includes Shoppers Drug Mart, CIBC, and Bank of Montreal • CIBC and Bank of Montreal each possess a drive-thru service area • Well maintained surface parking lot, providing for 110 stalls and a parking ratio of 3.75 stalls per 1,000 SF of rentable area • Area tenants include: Save-on-Foods, Safeway, RBC, TD Canada Trust, Home Hardware, Browns Social House, McDonald’s, Shell, and Anytime Fitness • Subject Property has excellent exposure and visibility to daytime population along University Drive with traffic counts exceeding 17,400 VPD • Phase I & II Environmental Site Assessment conducted by Stantec Consulting Ltd. in December 2012 and January 2013 concluded no further investigation is required (available to qualified purchasers upon receipt of confidentiality agreement) • Current net operating income of $958,719

Information

MLS®:C4209040
Price:16,675,000.00
Type:Commercial
Sub Type:Retail
Site Influences:
  • High Traffic Area
  • Landscaped
  • Pylon/Sign
  • Shopping Nearby
  • Street Lighting
  • Visual Exposure

Snapshot

Sq Ft:29,285
Year Built:2011
Address:380 University Drive W
City:Lethbridge
Community:West Lethbridge City
Postal CodeT1J 5C9





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MLS® C4209040 380 University DR W, Lethbridge, Alberta, T1J 5C9 is a Commercial, 0 bedrooms, 0 bathrooms, approximately 29,285 Sq. Ft. property. Research West Lethbridge City real estate statistics, area schools, parks, restaurants, community reviews more... West Lethbridge City real estate information


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West Lethbridge City Market Snapshot
West Lethbridge City Real Estate Statistics - Sunday, January 20th 2:18pm
Commercial 1
City 7
New Listings last 14 Days 1,829
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