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10015 107 St 15,586 SF 100% Leased Retail Building Westlock, AB T7P 2K7 $4,299,000 CAD ($275.82 CAD/SF) 7.08% Cap Rate

Storefront Properties Alberta Westlock 10015 107 St, Westlock, AB T7P 2K7

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INVESTMENT HIGHLIGHTS

  • Fully leased portfolio with national pharmacy anchors
  • Strong WALT of 5.14 years across all assets
  • Limited local competition in underserved secondary markets
  • 91.4% of base rent secured by Rexall, IDA, and Shoppers
  • Located in high-visibility downtown commercial districts
  • Recent renovations and ongoing maintenance completed

EXECUTIVE SUMMARY

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to present the opportunity to purchase a 100% freehold interest in a Portfolio of three (3) pharmacy-anchored retail assets across British Columbia and Alberta (the “Portfolio”). The Portfolio is anchored by a roster of Canada’s largest pharmacy operators including Rexall, Rx Drug Mart I.D.A. (Neighbourly Pharmacy), and Shoppers Drug Mart, encompassing 91.4% of Portfolio base rent and a pharmacy weighted average lease term of 5.5 years. This necessitybased Portfolio is located in the stable secondary markets of Port Hardy, Burns Lake, and Westlock, with limited pharmacy competition in the immediate area and excellent exposure in each respective markets commercial core. The Vendor will assess offers on a Portfolio basis or as individual assets.

ATTACHMENTS

FINAL_BC & AB Pharmacy Portfolio_Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,586 SF
Building Class
C
Year Built/Renovated
1965/2012
Price
$4,299,000 CAD
Price Per SF
$275.82 CAD
Cap Rate
7.08%
NOI
$304,369 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.98 AC
Zoning
DTMU - Downtown Mixed Use
Parking
40 Spaces (2.56 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
1 1
10015 107 St, Westlock, AB - AERIAL map view
Walk Score®
Very Walkable (71)
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NEARBY MAJOR RETAILERS

RBC Royal Bank
Scotiabank
BMO
Sobeys
TD Canada Trust
Jazzercise
(604) 628-4331 x4331

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Brodie Henrichsen
    Brodie Henrichsen
  • Kevin Douglas
    Kevin Douglas
  • Colton Zayshley
    Colton Zayshley
  • Adam Kilburn
    Adam Kilburn
  • Andrew Simpson
    Andrew Simpson

  • Listing ID: 37794917

  • Date on Market: 2025-09-23

  • Last Updated:

  • Address: 10015 107 St, Westlock, AB T7P 2K7

The Retail Property at 10015 107 St, Westlock, AB T7P 2K7 is currently available for Sale. Contact JLL for more information.

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10015 107 St
(604) 628-4331 x 4331

10015 107 St

Brodie Henrichsen
(604) 628-4331 x4331

Kevin Douglas
(604) 998-6142

Colton Zayshley
(604) 998-6001

Adam Kilburn
(780) 328-2584

Andrew Simpson
(780) 328-2579

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