For Lease · Retail

410, 4979 Southlands Drive SE, Medicine Hat

410, 4979 Southlands Drive SE, Medicine Hat, AB T1B0T8

$28 Yearly

2,419 SF

Asset Class

Retail

Size

2,419 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

$0

Occupancy

88%

Year Built

2024

About this property

Welcome to Southlands Common! This bright end unit features large windows that flood the space with natural light, creating an inviting atmosphere - perfect for a cafe, restaurant or deli! With plenty of customer parking and a prime location close to residential neighborhoods and numerous amenties, this unit offers excellent visibility and convenience. Bring your business vision to life! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$28
Down payment30% · $8
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

0.76%

DSCR

1.04

Going-in cap

5.77%

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)

TenantAreaExpiry
Prairie Coffee Roasters922 SF2027-08
Prairie Coffee Roasters519 SF2027-08
Prairie Coffee Roasters400 SF2027-08
Prairie Coffee Roasters400 SF2027-08

Area demographics

Trade area within 3 miles of the property.

Population

136,793

Households

60,469

Median income

$77,000

Median age

41.1

Daytime population

183,957

5-yr growth

2.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 410, 4979 Southlands Drive SE, Medicine Hat.

NDA required
  • 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.