1/55227, 20 Thomlison Avenue, Red Deer
5227, 20 Thomlison Avenue, Red Deer, AB T4P3C7
$18 Yearly
1,300 SF
Asset Class
Specialty
Size
1,300 SF
Building class
C
Zoning
DC2 — Site Specific
$ / SF
$0
Occupancy
83%
Year Built
2018
About this property
Located in Timber Ridge's newest commercial development, Timberlands Station. The second floor unit in Building G is 1,300 SF, in shell state and ready for tenant improvements. The building is equipped with an elevator and common washrooms are shared with other tenants of the second floor. Ample parking is available on site for customers and staff. This plaza currently has five buildings in place, with one under construction and two more planned. Neighbouring businesses of the plaza include Tim Horton's, Pizza Hut, Wendy's, Fas Gas, a Doctor's Office, and Pharmasave. Additional Rent is estimated at $11.00 per square foot for the 2026 budget year. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$0
Projected NOI
$1
Annual cash flow
$-0
Cash-on-cash
-3.10%
DSCR
0.83
Going-in cap
4.61%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 1,076 SF | 2034-10 |
Area demographics
Trade area within 3 miles of the property.
Population
104,800
Households
44,852
Median income
$83,500
Median age
44.5
Daytime population
89,191
5-yr growth
7.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 5227, 20 Thomlison Avenue, Red Deer.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.