For Sale High Exposure Retail/Medical Plaza

REDUCEDPRICE For Sale High Exposure Retail/Medical Plaza

Location Contact 1814 33 Street SE Jon Buckley* Curtis Leonhardt* Calgary 604 630 0215 604 638 1999 Alberta [email protected] [email protected]

*Personal Real Estate Corporation For Sale 1814 33 Street SE Calgary, AB

Salient Details

Municipal Address: 1814 33 Street SE, Calgary, AB

LINC: 0013 290 887

Legal Description: Lot 1; Block 3; Plan 1079HU Site Size: 22,215 SF (0.51 AC) Opportunity Gross Leasable Area: 8,066 SF Form Real Estate Advisors Inc. is pleased to announce the sale offering of 1814 33rd • Providence Family Medical Centre Street located in Calgary, AB (the “Subject Property”). The Subject Property features a Tenants: • Pharmaselect Pharmacy multi-tenant, single-storey building that is exceptionally located along 17th Avenue SE, • Hakim Optical one of the major corridors that provides east/west commuting in and out of the City Occupancy: 100% offering high volumes of daily traffic.

Parking: Approximately 27 parking stalls (3.35 per 1,000 SF) Investment Highlights Year Built: 1992

Building was demised into three CRU’s and Freestanding community retail / medical plaza comprised of 8,066 square feet, situated Renovations: extensively renovated in 2004, and new HVAC units along 17th Avenue SE in Calgary installed in 2015. Excellent exposure and visibility to daytime population along 17th Avenue SE with traffic Zoning: C-COR1 Commercial Corridor counts exceeding 42,000 VPD OCP: Southeast 17 Corridor Located within the recently proposed area plan for the 17th Avenue SE Corridor which, A Phase II Environmental Site Assessment (ESA) if approved, will support high density mixed-use development with building heights of was completed in August 2017. Copies of the latest greater than 10-storeys. Environmental: environmental report will be made available upon execution of the Confidentiality Agreement (“CA”). The City of Calgary is in the process of designing and building a transit-way on 17th Avenue SE to reduce travel times and increase reliability for Calgarians commuting Attractive in-place financing can be assumed or Financing: from the southeast. There will be a new transit station within 500 metres of the Subject delivered clear title. Property. Year 1 NOI: $266,833 Area tenants include: Rexall Drugstore, Shoppers Drug Mart, Co-op Grocery Store, Asking Price: $3,980,000 Dollarama, Mac’s Conveniences Store, CIBC, TD Bank, and Scotiabank.

Cap Rate: 6.70% Attractive, assumable financing in place.

02 For Sale OCP: Southeast 17 Main Street Area Redevelopment Plan 1814 33 Street SE The City of Calgary is in the planning stage of the Southeast 17 Main Street Area Redevelopment Plan Calgary, AB (“ARP”). The Plan Area is approximately 5 kilometres from downtown Calgary along 17th Avenue SE, one of the major corridors that provides east/west commuting in and out of the City. The Southeast 17 Main Street ARP is bounded by Barlow Trail/26th Street SE on the west and the Canadian National Railway line on the Map 2 | Plan Location

east, and includes2" one full city block on eachFOREST side of 17th Avenue SE. HEIGHTS MAYLAND MERIDIAN SE L DR ORIA Plan2" LocationMEM 8 AV SE

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The Subject Property is located in the

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2 HEIGHTS B Western Gateway Zone which is between Subject Property FOREST LAWN

D E Barlow Trail and 26th Street at the west E R F O RED O T CARPET T 17 AV SE R Demographics S end of 17th Avenue SE and 36th Street E 17 AV SE

W SE, and from 15th to 19th Avenue SE. ES TE RN IR R IG A T IO The Western Gateway Zone contains N SOUTHVIEW D IS T R I C T C A

N the 28th and 36th Street SE Bus Rapid A FOREST LAWN BOW L Calgary Population (2018) RIVER INDUSTRIAL 26 AV SE Transit (“BRT”) Stations, and also includes

2" lrt_stations Community Boundary DOVER the Main Street Village which is planned Study Area Boundary INGLEWOODLRT Alignment The City of Calgary to be recognized as a distinct character 1,359,777 area with distinctive building designs and MapBuilding 4 | Building Height Height streetscape features. The area features 11 AV SE 12 AV SE

E specialty shops, a linear park and a

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R mixture of diverse but compatible land Households (3 KM) 16 AV SE ×S uses and building heights. 1" 1" 1" 17 AV SE 1" 1" SE 7 AV E E

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W 3 4 ES 19 AV SE TE RN I RR IG 20 AV SE AT Under the Area Redevelopment Plan, I ON Subject Property D D EE IS R TR F I 2 O C 6 Y O T E T C S S T AN T

R S T S 70,232 S AL E E 3 the Subject Property is proposed to 3 CN RAILWA 23 AV SE ×C adhere to the Community High Density

W 2 R × land use designation, which if approved

×C Community Centre Neighbourhood Low Rise (Max 4 Stories) Community High Density (Above 10 Stories) Future Comprehensive will support high density, mixed-use Projected Growth Rate (2018 - 2023) ×S School Community Mid Rise (Max 6 Stories) Employment / Industrial (Max 3 Stories) Active Frontage Community Centre (6-10 Stories) Open Space Special Area 1" Rapid Transit Bus Stop development with building heights 10.9% greater than 10-storeys.

Southeast 17 Main Street (International Avenue) Area Redevelopment Plan | DRAFT 19

Average Household Income (3 KM) $77, 402

03 DOWNTOWN For Sale CALGARY 1814 33 Street SE Calgary, AB

BLACKFOOT TRAIL SE

9TH AVENUE SE DEERFOOT TRAIL

BARLOW TRAIL SE

MEMORIAL DRIVE The 17 Avenue SE BRT is 17 AVENUE SE (42,000 VPD) designed to provide: Subject Site

Service to Major Transit Network Intersections The City of Calgary is in the process of designing and building a transit-way on 17th Avenue to reduce travel times and increase reliability for Calgarians traveling and commuting from the along the 17th Avenue SE Corridor southeast. There will be a new BRT Station within 500 metres of the Subject Property.

The intent of the transit network is to provide safe, accessible and convenient connections to its Mapuser’s 6 | Pedestrian destinations. and Cycling Network BRT Station and Transit only lanes are planned to be integrated in the 17th

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44 Southeast 17 Main Street (International Avenue) Area Redevelopment Plan | DRAFT Form Real Estate Advisors 1280-333 Seymour Street T 604 638 2121 Vancouver, BC V6B 5A6 F 604 638 2122

All communications and inquiries related to this opportunity, or requests for additional information or requests regarding procedures, must be made to the Form Retail Advisors Inc. agents named on the first page. No personnel of the Vendor or any of its affiliates should be contacted directly under any circumstance.

Disclaimer: None of the Vendor, its affiliates, Form Real Estate Advisors Inc. or any of their respective representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and interested parties should conduct their own independent analysis of the information contained or referred to herein. Nothing contained in this document is, or should be relied on as, a promise or representation, whether as to the past or the future. The Vendor, its affiliates, Form Real Estate Advisors Inc. and their respective representatives are under no obligation to accept any offer made by any person or entity regarding this opportunity.