For Lease · Specialty

202 12C Street N, Lethbridge

202 12C Street N, Lethbridge, AB T1H2M7

$16.5 Monthly

3,500 SF

Asset Class

Specialty

Size

3,500 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

99%

Year Built

1970

About this property

Approximately 3,500 sq. ft. of commercial space available for lease in an approximately 12,000 sq. ft. building at 202 12C Street N. Zoned General Commercial, this high visibility location offers excellent street presence, signage opportunities and immediate possession. The open concept layout features approximately 15 ft. ceilings, 220 electrical service, air conditioning and separate meters available for individual units if demised. Build to suit opportunities and leasehold improvements are available, with a tenant improvement allowance negotiable with the landlord.Lease rate is $12.00 per sq. ft., plus estimated triple net costs of $4.50 per sq. ft., including property taxes, insurance and common costs. Ideal for a variety of commercial, retail, service, recreation, wholesale or industrial uses, including training centres, pickleball facilities, contractors, building suppliers, furniture showrooms, appliance retailers and distribution operations. Leasehold improvements to be negotiated. Preferred lease term of 3 to 5 years or longer, with lease to own and a future purchase option also considered. An excellent opportunity to secure versatile commercial space with flexibility to suit your business needs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$17
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.53%

DSCR

1.08

Going-in cap

6.00%

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 Group1,680 SF2028-05
Meridian Health Group871 SF2028-05
Meridian Health Group444 SF2027-05
Meridian Health Group481 SF2027-05

Area demographics

Trade area within 3 miles of the property.

Population

141,234

Households

50,052

Median income

$99,000

Median age

44.2

Daytime population

184,422

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 202 12C Street N, Lethbridge.

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.