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10639 156th St NW 5,300 SF 100% Leased Retail Building Edmonton, AB T5P 2S2 $1,300,000 CAD ($245.28 CAD/SF) 7.88% Cap Rate
Investment Highlights
- Located in Edmonton’s active West End commercial corridor with strong connectivity.
- Direct access to major roads, including Anthony Henday Drive and Yellowhead Trail.
Executive Summary
REMAX Commercial Excel is pleased to present 10635 156 street NW, a fully-leased single-tenant retail investment positioned on a signalized hard corner of one of west Edmonton's most established commercial arterials. The 5,400 SF building sits on a .47-acre lot at the intersection of 156 Street & 107 Avenue; a node that combines strong daily traffic exposure with a deep, mature residential catchment. The asset trades with income in place to October 2030 under a triple-net (NNN) lease structure to a long-tenured neighbourhood retailer with a continuous operating history at the property. The lease was recently amended in August 2025 -- strengthening landlord rights and stepping rent -- providing a buyer with stable, recovered cash flow through the hold period and clear optionality at term.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,300 SF
Building Class
B
Year Built
1985
Price
$1,300,000 CAD
Price Per SF
$245.28 CAD
Cap Rate
7.88%
NOI
$102,440 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.89
Lot Size
0.14 AC
Zoning
CN - Neighbourhood Commercial
Parking
10 Spaces (1.89 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 4
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10639 156th St NW
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