1, 1370 Robinson Avenue, Penhold, Alberta T0M 1R0

Very visible and desirable corner unit on highway between Red Deer and Penhold. Newer and well maintained attractive building with ample ground level parking for customers. Current tenants are Canada Post and Lux Leaf. Building is located adjacent to new commercial center with Tim Hortons, Subway, pharmacy, grocery store, etc. Penhold is a growing area located 7 minutes south of Red Deer with a population of approximately 3,916 (2022) in the immediate trading area. Current NNN is approximately $7.60 per SQ FT. Prefer a 5 year lease with escalations to be negotiated. Property Taxes are for the whole building. Landlord prepared to provide lease and improvement inducements for the right tenant. (id:27476)

Located on a highly visible corner unit along the highway between Red Deer and Penhold, this attractive and well-maintained building offers ample ground-level parking for customers. The current tenants of the building are Canada Post and Lux Leaf, and it is situated adjacent to a new commercial center featuring popular establishments such as Tim Hortons, Subway, a pharmacy, and a grocery store.

Penhold, a rapidly growing area just 7 minutes south of Red Deer, has an approximate population of 3,916 (as of 2022) in the immediate trading area. The current triple net lease (NNN) for the property is around $7.60 per square foot, and the landlord is seeking a 5-year lease with escalations to be negotiated. Property taxes are applicable for the entire building, and the landlord is willing to provide lease and improvement inducements for the right tenant.

This property is available for lease and is located at 1, 1370 Robinson Avenue in the city of Penhold, Alberta, with the postal code T0M1R0. It is classified as a retail property, making it an ideal location for businesses looking to establish a presence in this thriving area.