queen elizabeth highway ii waskasoo avenue leva avenue · red deer ab t4n c3 p: 43 343 323 f: 43...
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D201, 5212 - 48 Street Red Deer | AB | T4N 7C3
P: (403) 343 - 3023 F: (403) 343 - 6490
salomonscommercial.com
Brett SalomonsAssociate/PartnerP: (403) 314 - 6187F: (403) 343 - [email protected]
FOR LEASE179 Leva Avenue, Red Deer County
Retail
The property is west of the Queen Elizabeth Highway, located within
Gasoline Alley. South of the City Of Red Deer and is easily accessible
to Red Deer residents. Infrastructure improvements to Highway II and
access to Gasoline Alley have begun. Once complete this parcel will
be at the main entrance to Gasoline Alley from Highway II Southbound
traffic and for Red Deer residents.
PROPERTY LOCATION Market Area: Gasoline Alley
Legal Description: Plan 1424982 Block 2 Lot 17
Site Size: 4.27 Acres
Zoning: C2 - General Commercial
Building Sizes: Building A - 7,000 sf (CRU/Gas)
Building B - 13,660 sf (Medical)
Building C - 10,100 sf (Retail)
Building D - 20,000 sf (Office)
Occupancy: Spring 2019
Parking : 210 stalls (4.2 stalls per 1,000 sf)
Leva Avenue
Queen Elizabeth Highway II
Was
kaso
o A
venu
e
Floor Plan
Unit 4
Unit 3
Unit 2
Unit 1
Unit 3
Unit 2
Unit 1
Unit 1
Unit 2
Unit 3
Building B
Unit Size Tenant Status
Unit 1 3,001sf Available Available
Unit 2 5,231sf Available Available
Unit 3 2,501sf Available Available
Unit 4 2,797sf Available Available
Building C
Unit Size Tenant Status
Unit 1 1,100sf Available Available
Unit 2 1,400sf Pediatrist Leased
Unit 3 4,000sf Dentist Leased
Unit 4 3,506sf Chiropractor Leased
Building A
Unit Size Tenant Status
Unit 1 3,565sf Available Available
Unit 2 4,925sf Available Available
Unit 3 1,590sf Available Available
Unit 4
Building D Unit Size Tenant Status
Unit 1 17,000sf BDO Leased
Unit 2 3,200sf Available Available
Lease Rate: Market
This information herein was obtained from sources reliable and is believed to be true: it has not been verified and as such cannot be warranted nor form any part of any future contract. The offering may be withdrawn without notice.
PROJECTED TRAFFIC COUNTSOff RampThe southbound peak hour could be as much as 3,000 cars per hour on full buildout, with about 2/3 using Laura Ave. Northbound would be lower at about 200-300 cars per hour.
Leva AveThe traffic analysis summary: Southbound is estimated at 769 cars per hour through, and 100 into the site with a left turn for the peak hour. There are only 47 cars northbound through and 96 northbound right turn in. The estimated delay for the south left turn in is only 8 seconds, which is very good. The 95th percentile queue is only a fraction of a car long, which means typically there will not even be two cars there at the same time.
Costco is the biggest traffic generator to date
QE11Highway 2/QEII through traffic is growing at a rate of 2 to 3% per year, it is expected that traffic flow will increase by at least 15,000 to 37,000 vehicles-per–day (vpd) in the next few years. Off ramps provide motorist an opportunity to slow to 70 km while making their exit decisions.
This new expansion will provide an excellent gateway into the growing Gasoline Alley West making it more accessible to motorist and businesses. The new overpass will become an extension of Gaetz Ave south. Allowing for better flow of traffic between the City of Red Deer and Gasoline Alley West, without having to go entry onto the QEII.
32,221
68,197
3,414
90,649 UV595
²²
2A
²²
11
²²
11
²²
2A
²²
2
²²
11A
SouthpointeCommon
BowerPlace Shopping
Centre
Gaetz AveCrossing
Red DeerIndustrial
Park
VillageMall
Parkland Mall
Venture PlazaGaetzPlaza
ClearviewMarket
GoldenWestPlaza
RiversideIndustrial
Plaza 67
Taylor Plaza
Deer Park
East Hill
SouthsideVillage
Costco
GasolineAlley East
GasolineAlley West
DowntownRed Deer
LegendMajor Retail Centres
5 km Radius
Population AreasRed Deer County
Red Deer North
Red Deer South
$75,5532018 AVG. HOUSEHOLD
I N C O M E2
100,4182016 POPULATION1
41,989 2016 HOUSEHOLDS1
QE II OFF RAMP3,000 VPH3
LEVA AVENUE769 VPH3
$
Source: 1. Statistics Canada, Census Profile, 2016 Census. 2. Statistics and Economic Profile - The City of Red Deer. 3. Upon full build-out.
This information herein was obtained from sources reliable and is believed to be true: it has not been verified and as such cannot be warranted nor form any part of any future contract. The offering may be withdrawn without notice.
Site PlanQ
ueen Elizabeth Highway
Leva Avenue
Lantern Street
Lake Street
Laura Avenue
Liberty Avenue
Waskaso
o Avenue
Leva Avenue
Liberty Landing• Single Family Homes• Affordable, active lifestyle
community
Liberty Park• Multi-Family• 8-Plexes/Apartments
Subject Property
The Hamlets• Senior Assisted
Living Facility• Fall 2018
Background on Gasoline AlleyLocated in Red Deer County, just south of the City of Red Deer and easily accessable to Red Deer
Residents. Major anchors of Gasoline Alley are Costco, Trail Appliances, Hampton Inn and Suites, Staples,
Galaxy Cinemas, Princess Auto, Westridge Cabinets, Red Deer Toyota and Cam Clark Ford.
At Gaetz Avenue, the new bridge will span both Highway 2 and the North C-D road, providing safer access to Highway 2 and the opportunity for local traffic to access Gasoline Alley from the North end.
A new roundabout will provide free flowing access to Leva Avenue and Waskasoo Avenue.
Construction has begun, with estimated completion Fall 2018. Almost all new commercial development is
happening on West Gasoline Alley.