JN REAL ESTATE GROUP

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

LISTING COURTESY OF SIMON CHOI · RE/MAX COMPLETE REALTY

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.