For Lease · Retail

10011 115 Avenue, Grande Prairie

10011 115 Avenue, Grande Prairie, AB T8V6P3

$22 Yearly

1,473 SF

Asset Class

Retail

Size

1,473 SF

Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

$0

Occupancy

96%

Year Built

1987

About this property

Positioned in a high visibility, high traffic corridor, this 1,473 Sq.Ft. retail or office space offers exceptional exposure in one of Grande Prairies most active commercial areas. Located directly across from Ernies and Safeway, and just minutes from Prairie Mall, this property benefits from steady daily traffic and strong surrounding businesses. A great opportunity for retail, professional services, or office use in a well established and highly sought after location. Total: $4,234.88 +GST Base rent: 1,473 sq/ft. X $22.00= $2,700.50 +GST Net rent: 1,473 sq/ft. X $12.50= $1,534.38 + GST (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$22
Down payment30% · $7
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.93%

DSCR

0.79

Going-in cap

4.36%

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
Meridian Health Group980 SF2031-03
Meridian Health Group400 SF2031-03
Meridian Health Group400 SF2031-03
Meridian Health Group400 SF2031-03

Area demographics

Trade area within 3 miles of the property.

Population

122,704

Households

44,372

Median income

$64,500

Median age

40.8

Daytime population

182,374

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 10011 115 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.