Kenai Spur Shops 10735 Kenai Spur Hwy 10,244 SF 100% Leased Office Building Kenai, AK 99611 $2,551,113 CAD ($249.03 CAD/SF) 8% Cap Rate

The Offering provides the opportunity to acquire a fully occupied two-building retail investment positioned on a high-visibility corner along the trade area’s main retail corridor, Kenai Spur Highway. Spanning 1.28 acres across two parcels, the Property includes a 5,244 SF retail building fully occupied by three tenants, and a 5,000 SF retail building fully occupied by four tenants, with rent growth provided by annual scheduled rent increases for over half of the tenants. The property sits on the hard corner of Bridge Access Road and Kenai Spur Highway, the primary retail arterial pulling from a wide radius, and adjacent to an Arby’s drive-thru. The immediate trade area serves as the commercial hub of the central peninsula with additional draw provided by nearby retailers, including Home Depot, Safeway, Walmart and Three Bears Alaska, a regional grocery chain. The property is located half a mile south of the Kenai Municipal Airport, the primary air hub and the busiest airport in the Kenai Peninsula Borough, roughly twice the size of New Jersey. The airport offers daily service to Anchorage and is slated for major FAA-funded upgrades in 2026.