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For Lease · Retail

11, 9701 84 Avenue, Grande Prairie

11, 9701 84 Avenue, Grande Prairie, AB T8V4Z8

$12 Yearly

1,100 SF

Asset Class

Retail

Size

1,100 SF

Building class

Zoning

CB1 — Low Intensity Business

$ / SF

Occupancy

87%

Year Built

1978

About this property

Smaller space available in Patterson Village Shopping Center. A very active strip mall that is fully leased except for this space. High traffic location at the corner of 84 avenue and Patterson Drive. Affordable 1100 Sqft that includes front reception desk area, 3 small rooms, open retail area, a bathroom and a rear utility room and back entrance. Also includes a rear fenced patio area with patio doors leading out to it. Net rent is $12/sqft or $1100/month plus GST and Common area costs are $11.36/sqft or $1041.33 per month plus GST. Utilities are tenants responsibility. This is a very unique opportunity. Space is vacant and ready for quick occupancy. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$12

Down payment30% · $4

Interest rate6.25%

Amortization25 years

Occupancy87%

Expense growth2.5%

Monthly debt service

Projected NOI

Annual cash flow

Cash-on-cash

5.70%

DSCR

1.31

Going-in cap

7.25%

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	Suite	Area	Rent / SF	Expiry
Halcyon Wealth Partners	160	400 SF	$14.36	2029-02
Halcyon Wealth Partners	160	400 SF	$14.48	2029-02
Halcyon Wealth Partners	160	400 SF	$14.12	2029-03
Halcyon Wealth Partners	160	400 SF	$14.24	2029-02

Area demographics

Trade area within 3 miles of the property.

Population

91,679

Households

38,326

Median income

$114,500

Median age

35.3

Daytime population

108,148

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 11, 9701 84 Avenue, Grande Prairie.

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.