1370 Robinson Avenue, Penhold, Alberta T0M 1R0

Multi-tenant 10 year old attractive retail strip mall with great visibility from its location on high traffic Highway 2A (seasonally adjusted daily traffic of 6,000 cars) and only block from Highway 42 that feeds from QE 2 freeway. The Town of Penhold has a trading area of approximately 130,000 consumers. Building is located amongst 4 other retail multi-tenant buildings. Tenants in the surrounding buildings include Dairy Queen, IGA, bank, hair salon, liquor store, veterinarian clinic, nutrition store, barber shop, pet groomer, martial arts, spa, dentist office, doctor's office and an IDA drug store. Across the street is another retail strip mall with an ESSO station, Tim Horton's, day care center and a Pharmasave drug store. Penhold is a growing and vibrant family oriented community located within 7 minutes of Red Deer. Penhold has 3,916 residents (2022) and a growing commercial/business sector that makes it simple and convenient for residents to shop local. Quality of life in Penhold is enhanced by the parks and recreation services that are offered. The town has a Multiplex with an NHL size ice rink, dance studio, fitness center, running track, food concession, lounge, library and houses the Town's administration office. RV Park is located on the north of the Multiplex on Highway 42. There is a new High School and new residential subdivisions being built out. Subject building was constructed in 2013 and this 8,780 square foot is located on .77 acres at 1370 Robinson Avenue, Penhold. The building is presently demised into 4 units (could be further demised into 5 units). Vacant unit is ready to be developed to the Tenant's specifications or demise into 2 units. Vacant unit is perfect for development as a restaurant, pub and/or microbrewery. This building creates high pedestrian traffic due to its triple A tenant - Canada Post Office that serves Penhold and the surrounding area and a cannabis store. There is ample parking. Tenant's Leases are "Triple Net". Pro-Forma a ttached. (id:27476)

For sale is an appealing retail strip mall that has been in operation for 10 years and is designed to accommodate multiple tenants. Situated on the bustling Highway 2A, the property boasts high visibility, with a daily traffic count of 6,000 cars (seasonally adjusted). Additionally, it is conveniently located just a block away from Highway 42, which connects to the QE 2 freeway. The town of Penhold, where the property is situated, has a substantial trading area comprising approximately 130,000 consumers.

Positioned among four other retail multi-tenant buildings, the strip mall is surrounded by a variety of businesses, including a Dairy Queen, IGA, bank, hair salon, liquor store, veterinarian clinic, nutrition store, barber shop, pet groomer, martial arts studio, spa, dentist office, doctor's office, and an IDA drug store. Across the street, there is another retail strip mall housing an ESSO station, Tim Horton's, day care center, and a Pharmasave drug store.

Penhold is a thriving, family-oriented community located just 7 minutes from Red Deer. With a current population of 3,916 residents (as of 2022), the town also features a growing commercial and business sector, making it convenient for locals to support local businesses. The town's quality of life is further enriched by its parks and recreation services, including a Multiplex with an NHL-sized ice rink, dance studio, fitness center, running track, food concession, lounge, library, and the Town's administration office. Additionally, there is an RV Park located north of the Multiplex on Highway 42, as well as a new high school and residential subdivisions under construction.

The subject building, constructed in 2013, spans 8,780 square feet and is situated on .77 acres at 1370 Robinson Avenue, Penhold. Currently, the building is divided into four units, with the potential to be further divided into five units. One of the units is currently vacant and is primed for development according to the tenant's specifications, or it could be divided into two units. This vacant space is ideal for the establishment of a restaurant, pub, and/or microbrewery. Notably, the presence of a Canada Post Office and a cannabis store within the building generates significant pedestrian traffic. Ample parking is available, and the tenant leases are "Triple Net".

For more information, please refer to the attached Pro-Forma.