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403 Mackenzie Way SW
Airdrie, AB T4B 3V7
Creekside Village - Building 9 · Retail Property For Sale
Investment Highlights
- ±5,785 SF of retail space within a mixed-use development.
- Shadow anchored by Sobeys and surrounded by national retailers.
- Eight titled underground parking stalls plus abundant surface parking.
- Located in a high-density residential area with over 800 nearby condominium units.
- Excellent access to Highway 2 and Calgary; 27 minutes to downtown Calgary.
- Zoned Commercial Business (CB) in the M3 Downtown Mixed-Use District.
Executive Summary
403 MacKenzie Way SW offers a prime retail investment opportunity in the heart of Airdrie, one of Alberta’s fastest-growing municipalities. This property is strategically positioned along MacKenzie Way SW, providing excellent visibility and convenient access to Highway 2 and Calgary. The location benefits from strong commuter traffic and proximity to national retailers, including a Sobeys shadow anchor, ensuring consistent customer flow.
The property is supported by a dense residential base, with over 800 condominium units within a two-block radius, creating a built-in customer demographic. The offering includes multiple retail units totaling approximately 5,785 SF, complemented by abundant surface parking and eight titled underground stalls with two storage lockers for added functionality.
Zoned for Commercial Business (CB) within the M3 Downtown Mixed-Use District, the property allows for a wide range of retail and service uses, enhancing long-term investment flexibility. With a cap rate of 6% and a protected 10-year average NOI of $270,000, this asset presents a compelling opportunity for investors seeking stable returns in a high-growth market.
The property is supported by a dense residential base, with over 800 condominium units within a two-block radius, creating a built-in customer demographic. The offering includes multiple retail units totaling approximately 5,785 SF, complemented by abundant surface parking and eight titled underground stalls with two storage lockers for added functionality.
Zoned for Commercial Business (CB) within the M3 Downtown Mixed-Use District, the property allows for a wide range of retail and service uses, enhancing long-term investment flexibility. With a cap rate of 6% and a protected 10-year average NOI of $270,000, this asset presents a compelling opportunity for investors seeking stable returns in a high-growth market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,318 SF
Building Class
B
Year Built
2015
Price
$4,500,000 CAD
Price Per SF
$177.74 CAD
Cap Rate
6%
NOI
$270,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.07
Lot Size
8.20 AC
Zoning
CB - Commercial Business (CB), M3 Downtown Mixed-Use District
Parking
142 Spaces (5.61 Spaces per 1,000 SF Leased)
Frontage
1 of 4
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