184 Leva Avenue, Red Deer, AB

Salomons Commercial and Avison Young Commercial Real Estate Services, LP are pleased to present Trader Ridge located at 184 Leva Avenue, Red Deer County, AB. The 2.22 acre property is improved with a two building retail centre located at the entrance to Gasoline Alley in Red Deer County, AB. The two building retail centre has a free standing Popeye’s building of 3,000 square feet and a six bay cru building that totals 11,907 sf.

Main tenants include: Popeye’s for 3,000 sf and Urgent Paws Vet Clinic for 4,535 sf. The cru building has two vacant units of 1,948 sf and 1,916 sf.

The property will have a stabilized Net Operating Income of $453,357 per annum at the time of closing which represents a 7.0% capitalization rate. In 2027, there are contractual rental increases which will bring the stabilized income to $470,277 per annum and the corresponding capitalization rate to 7.24%.