Ref 669786

Single-Tenant Midas Location

620 - 626 - 16 Avenue NW

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Space available55,948 ft²


Jones Lang LaSalle Real Estate Services, Inc. (“JLL “and/or the “Advisor”) has been exclusively retained to offer for sale a 100% freehold interest in 620 – 626 – 16 Avenue NW, Calgary, AB (the “Property”). Available for purchase is a single-tenant Midas location, leased on net a carefree basis, for a 5-year term, with options to renew. This is an ideal hands-free investment, with long-term redevelopment potential, due to the current land-use (zoning) in-place.

  • Building square footage of 55,948 SF with a gross leasable area of 4,499 SF
  • New, 5-year lease-term commencing November 1, 2022
  • Net and carefree lease with the tenant responsible for structural repairs, improvements, and all day-to-day management
  • Within 650 metres of two major post-secondary institutions: Southern Alberta Institute of Technology (SAIT) and the Alberta University of the Arts
  • Exposure to an average daily vehicle traffic count of 48,000
  • Within 880 metres of the future Green Line LRT station at Centre Street N and 16 Avenue NW Strategic location in a rapidly intensifying urban corridor

Location and Transportation