Address
4-1370 Robinson Avenue, Penhold, AB
Price
$ 1
Property Attributes
  • ID#A1055995
  • TypeMulti-Family
  • CityPenhold
  • Postal CodeT0M 1R0
  • Style
  • Price$ 1
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1855
Listing Provided Courtesy Of:
Dale Devereaux with Century 21 Maximum
Data Source:
RLP - CREA EN
Property Description

Very visible and desirable location on the highway between Red Deer and Penhold. Newer and well maintained attractive building with ample ground parking for customers. Current tenants are Canada Post , Insurance Broker and a retail Cannabis store creating strong pedestrian traffic. Building is located adjacent to new commercial center with Tim Hortons, Subway, pharmacy, grocery store doctor & dentist offices, liquor store, gas station, child care, etc. Space is suitable for a Thrift Store, Retail Store, Yoga/Fitness Studio or a Pub &/or Restaurant. Penhold is a growing area located 7 minutes south of Red Deer with a population of approximately 3,500 and a trading area of 130,000. Current NNN is approximately $5.48 for 2021. Prefer a 5 year lease with escalations to be negotiated. Landlord open to completing improvements for qualified tenant. Property taxes are included in the NNN costs. Free rent (Base Rent & Triple Nets) for the 1st 6 months of a 5 year lease. This unit can be combined with unit #3 for a total sq. footage or 3,710 sq. ft. Landlord is prepared to provide lease and improvement inducements for the right tenant.

General Features

Suite Number 4

Exterior Features

Jumpid 15296471

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in T0M 1R0

Visits
AVG 108
542
Year Built
AVG 2005
2013

Areas We Cover