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104 3rd Ave SE
3,900 SF of Retail Space Available in High River, AB T1V 1G3
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 3,900 SF | 1-5 Years | £6.73 /SF/PA £0.56 /SF/MO £72.46 /m²/PA £6.04 /m²/MO £26,255 /PA £2,188 /MO | Triple Net |
1st Floor
Approx. 3,900 SF of prime commercial space in a well established and well tenanted strip mall. This space was previously an established restaurant space for the previous 30years and would be a perfect spot for a restaurant again. Many things are already in place for that use. There is apprx. 3,200 SF for the restaurant and an additional separate bay of 728 sf that could be used for storage etc. The 728 SF can be leased out separately as its own bay for retail or office space. There are already 5 well established tenants in this mall - Liquor Store, Tanning Salon/beauty Bar, Gourmet Cookie Shop, Vape Store, and an Insurance Company. There is plenty of parking with 22 stalls. In the restaurant space there is currently 4 - 4 person booths, 1 - 8+ person booth, Tables and bench combos to seat 34 people, 3 - 8 person booths(can service around 82 people), two washrooms, a kitchen pass through, make up unit, dishwasher, bar space, pizza oven, plenty room for walk in coolers, and office space. Base rent is $12.00sqft and $3.50 for operating costs. All utilities are the responsibility of the tenants.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 104 3rd Ave SE , High River, AB T1V 1G3
| Property Type | Retail | Year Built | 1984 |
| Property Subtype | Storefront | Parking Ratio | 1.37/1,000 SF |
| Gross Internal Area | 11,649 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 11,649 SF |
| Year Built | 1984 |
| Parking Ratio | 1.37/1,000 SF |
About the Property
11,649 SF multi-tenant commercial building located in High River
- Pylon Sign
- Signage
Nearby Major Retailers
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Joshua Torrence - Century 21 Foothills Real Estate
Presented by
Century 21 Foothills Real Estate
104 3rd Ave SE
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