For Lease · Specialty

101, 4807 50 Avenue, Red Deer

101, 4807 50 Avenue, Red Deer, AB T4N4A5

$14 Yearly

2,678 SF

Asset Class

Specialty

Size

2,678 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

100%

Year Built

1939

About this property

Position your business in the heart of downtown Red Deer at Century Centre. This impressive 2,678 sq. ft. main-floor commercial space offers a bright, spacious open-concept layout that can accommodate a wide range of retail, professional, training, wellness or community-focused uses.Previously operated as both a retail store and a meeting and program facility, the space combines flexibility with distinctive character. Features include large street-facing display windows, exposed brick accents, extensive custom built-in shelving and cabinetry, a central service counter, two fitting or private rooms, and two storage rooms. The open floor plan provides excellent flexibility for merchandising, group instruction, client services, collaborative work areas or a customized office layout.Century Centre is a well-established downtown property with a professional tenant mix that includes Chiropractic, Security, Real Estate, Careers and Law. Located along Alexander Way—commonly known as “Little Gaetz”—the building is within walking distance of the Red Deer Justice Centre, City Hall, major banks, restaurants, shops and other downtown services.Customers and staff will appreciate adjacent surface parking and nearby on-street parking. A distinctive and adaptable space in a central, recognizable building. Additional rent is estimated at $8.75 per sq. ft. Proposed uses are subject to landlord and municipal approval. (id:66811)

Financial sandbox

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Estimate
Purchase price$14
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

5.34%

DSCR

1.29

Going-in cap

7.14%

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
Cascade Foods Inc.2,675 SF2033-08

Area demographics

Trade area within 3 miles of the property.

Population

136,584

Households

49,795

Median income

$119,500

Median age

35.4

Daytime population

131,485

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 101, 4807 50 Avenue, Red Deer.

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.