Marks & Staples

6510 Gateway Boulevard Northwest, Edmonton, AB, T6H 5Z5, CA

Description

Prime Edmonton Retail Investment | 39,879 SF | 100% Leased to Credit Tenants

Exceptional investment opportunity featuring two freestanding retail buildings totaling 39,879 square feet on 2.89 acres in Edmonton, Alberta. The property is strategically located on Gateway Boulevard and Calgary Trail, providing exceptional exposure to 53,000 vehicles per day in south Edmonton's prime retail corridor.

Currently 100% leased to Staples Canada ULC (through August 2034) and Mark's Work Wearhouse Ltd. (through August 2030) under self-managing lease agreements. With a weighted average lease term of 7.41 years, this fully-occupied asset provides stable income backed by national credit tenants in Edmonton's strong retail market.

The property offers investors a carefree investment opportunity with long-term lease security and exposure to one of Edmonton's highest-traffic retail locations. Offered on an unpriced basis with bid date to be determined.

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Attributes

Building area net

39,879 sf

Occupancy

100%

Year built

1999

Land area gross

3 sf

Number of buildings

Zoning

DC2

Media

Investment Highlights

CAREFREE & LONG-TERM INCOME SECURITY

A combined W.A.L.T. of 7.4 years provides long-term income security. Lease agreements with both Mark’s & Staples require the tenant to self manage their respective properties, providing ease of management for ownership.

HIGH EXPOSURE LOCATION

The Property is comprised of two freestanding buildings with excellent access and exposure to both Gateway Blvd. and Calgary Trail, providing unmatched exposure to 53,000 VPD.

PHENOMENAL TENANT RETENTION

Still occupied by the original tenants from 1999 & 2005, the Property posts a phenomenal average tenant tenure of 24.5 years.

STRONG SHADOW ANCHOR

High volume of customer traffic generated by the properties shadow anchor, Home Depot increases long-term stability and leasing appeal.