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 - 6490brett@salomonscommercial.com

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 The offering may be withdrawn without notice.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.