1131 Mayor Magrath Drive South

Opportunity

Avison Young is pleased to offer for sale 1131 Mayor Magrath Drive South, an 11,804 sf retail asset with a total of 44 parking stalls, including an additional lot at 2719 12 Avenue South. The Property is located along Mayor Magrath Drive South, one of Lethbridge’s busiest commercial corridors, with traffic counts exceeding 32,600 VPD+, providing exceptional visibility and long-term viability for tenants.

Its strategic location offers seamless connectivity to key arterial routes, surrounding residential neighbourhoods, and major demand drivers, including Lethbridge Polytechnic, and regional retail destinations.

Investment Details

The Property features a well-balanced mix of national and service-oriented tenants, including Dollarama, Luigi’s Pizza & Steakhouse, Macao Imperial Tea, a salon, and 28 Barbershop. This diverse tenancy creates a high-frequency consumer destination and a stable, diversified income stream. Ample on-site parking, as well as free city parking nearby, prominent signage exposure, and efficient ingress and egress further enhance the Property’s appeal to both tenants and investors. The asset is well maintained, with HVAC units ranging from approximately 5 to 13 years in age.

From an investment perspective, the Property benefits from strong long-term fundamentals supported by Lethbridge’s growing population, diversified economy, and role as a regional hub for Southern Alberta. The surrounding area continues to experience steady commercial activity and redevelopment, reinforcing the corridor’s position as a dominant retail destination. 

A Phase I Environmental Site Assessment and Real Property Report (RPR) will be provided by the seller.

The Property represents an opportunity to acquire a well-located, highly visible commercial asset in one of Lethbridge’s most sought-after retail corridors, offering durable income and long-term upside potential.