Status: For Sale

Address: 104 58th Avenue SE, Calgary, AB

Total Site Size: 4.65 Acres (202,368 SF)

Land Use District: C-COR3f1.0h12

Highlights:

• 100% OCCUPIED WITH A COMPLEMENTARY TENANT ROSTER
  The Property is 100% occupied by a well-balanced roster of necessity-based and service-oriented tenants, anchored by Value Village. This mix is well positioned to serve the surrounding light industrial, office, and multi-residential trade area.
• PROMINENT LOCATION WITH STRONG DAILY TRAFFIC
  Strategically positioned at the highly visible intersection of Centre Street and 58th Avenue, benefiting from exceptional exposure to more than 24,000 vehicles per day.
• DURABLE, LONG-TERM INCOME PROFILE
  Investors benefit from stable and predictable cash flow supported by a weighted average lease term remaining of 8.6 years, with the majority of leases featuring built-in contractual rent escalations.
• ABUNDANT SURFACE PARKING WITH SUPERIOR RATIO
  The Property offers 245 surface parking stalls, providing an attractive parking ratio of 4.5 stalls per 1,000 SF, well above the typical ~3.5 stalls per 1,000 SF for comparable retail assets. This surplus parking enhances tenant functionality and supports high-traffic, service-oriented uses.
• EXTENSIVE RENOVATION & CAPITAL INVESTMENT
  The Property has undergone a comprehensive capital improvement program totaling over $1.5 million since 2022, highlighted by a full roof replacement completed in October 2024 ($1.2M). These strategic investments enhance the asset’s long-term durability, reduce near-term capital expenditure risk, and position the Property competitively within the market.