For Lease · Retail

2600 48 Avenue NE, Calgary

2600 48 Avenue NE, Calgary, AB T3J5R5

$29 Yearly

15,924.95 SF

Asset Class

Retail

Size

15,924.95 SF

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

$0

Occupancy

91%

Year Built

2027

About this property

HORIZON 48 — NEW MAIN-FLOOR COMMERCIAL SPACE FOR LEASEPosition your business at Horizon 48, a commercial development at 2600 48 Avenue NE, conveniently located near McKnight Boulevard, Barlow Trail and Métis Trail. This northeast Calgary location offers convenient access to YYC International Airport, surrounding business parks, established residential communities and nearby hotels, providing opportunities to serve local residents, employees, travelers and business customers.Approximately 16,000 sq. ft. of main-floor space is available across five bays, with individual units ranging from approximately 2,793 to 3,286 sq. ft. Corner and interior configurations are available, with front and rear pedestrian access to each bay. The development features surface parking, three access points and pylon signage opportunities.A standout feature is the approximately 1,528 sq. ft. outdoor rooftop amenity space associated with Bay 1, offering potential for an outdoor terrace or daycare outdoor play area, subject to required approvals and licensing. Other potential uses include retail, showroom, professional services and other commercial concepts, subject to confirmation of the specific use and required approvals.The location benefits from approximately 13,000 vehicles per weekday along 48 Avenue NE, based on City of Calgary’s 2019 traffic data.Main-floor base rents start at $29 per sq. ft. annually, plus operating costs and GST. Contact the listing agent for availability, bay configurations and rooftop details. (id:66811)

Financial sandbox

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Estimate
Purchase price$29
Down payment30% · $9
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

1.13%

DSCR

1.06

Going-in cap

5.88%

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 Roasters8,435 SF2028-08
Prairie Coffee Roasters6,088 SF2028-08

Area demographics

Trade area within 3 miles of the property.

Population

116,808

Households

41,836

Median income

$85,500

Median age

43.1

Daytime population

164,893

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 2600 48 Avenue NE, Calgary.

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.