Red Deer
FOR LEASE
$10,990
LEASE RATE · PER SQ. FT. / MONTH
MLS A2316764
RETAIL · BUILT 2014
MLS A2316764 · 80 DAYS ON MARKET
Interested in this commercial property?
JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.
RE/MAX Complete Realty · Calgary
ABOUT THIS PROPERTY
Established national franchise business located in a major regional shopping centre in Central Alberta. Situated in a high-traffic enclosed mall featuring over 500,000 sq. ft. of retail space, 100+ retailers, and approximately 4.6 million annual visitors. Strong brand recognition and loyal customer base. Gross profit margin improved significantly from 66.6% in 2023 to 72.0% in 2025. The franchisor-required renovation has already been completed, allowing a new owner to operate without incurring additional renovation costs. The asking price has recently been reduced, presenting an outstanding value and excellent buying opportunity. Owner-operated business supported by 3 full-time staff with efficient operations. Lease secured until July 2029. Excellent opportunity for an owner-operator, family business, or hands-on investor. Training available subject to franchisor approval. Retirement sale. All inquiries by appointment only. Do not approach staff.
DETAILS
TRANSACTION
- TRANSACTION
- For Lease
- LEASE PERIOD
- Monthly
- LEASE MEASURE
- Square Feet
BUILDING
- TYPE
- Retail
- YEAR BUILT
- 2014