Shoppers Drug Mart Anchored Retail Property

10015 107 Street, Westlock, AB, T7P 2K7, CA

Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to present the opportunity to purchase a 100% freehold interest in a pharmacy-anchored retail asset in Westlock, Alberta (the “Property”).

The Property is anchored by Canada’s largest pharmacy operators, Shoppers Drug Mart, encompassing 83.5% of the Property’s base rent and with term through November 2030. This necessity-based Property is in the stable secondary market of Westlock, servicing the greater community of central Alberta.

The Property is being offered to market with a list price of $4,299,000.

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Attributes

Asking price

€2,631,000

Cap rate

7.08%

Rentable area

1,448 m²

Occupancy

100%

WALT

4.09 years

Zoning

DTMU (Downtown Mixed Use)

Shoppers Drug Mart Anchored Retail Property (3 Properties)

Media

Investment Highlights

The Property benefits from a strong tenant mix including 76.3% of the G.L.A. backed by national covenant with term through 2030 which provides investors strong income security throughout the investment horizon
Property W.A.L.T. of 4.09 years and Shoppers Drug Mart W.A.L.T. of 4.66 years (as of April 1, 2026)
The Property is prominently positioned along Westlocks main business corridor with Shoppers Drug Mart occupying a center ice location since 2010
Extensive repairs and maintenance completed by current ownership