Log In/Sign Up
Your email has been sent.
5009 PArkwood Rd 8,389 SF 100% Leased Retail Building Blackfalds, AB T4M 0E6 $2,699,000 CAD ($321.73 CAD/SF) 6.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased retail centre with five established tenants
- Strong Year 1 NOI of $167,973 with stable income stream
- Diverse tenant mix including food, liquor, boutique retail, and financial services
- Located minutes from Red Deer with direct Highway 2A access
- Positioned in a high-growth town with 5.6% projected population increase
- Ample surface parking and excellent visibility from Parkwood Road
EXECUTIVE SUMMARY
Cayenne Shopping Centre presents a rare opportunity to acquire a fully leased, income-generating retail asset in the heart of Blackfalds, Alberta—one of Central Alberta’s fastest-growing municipalities. Strategically located at 5009 Parkwood Road, the property sits on a 0.8-acre site with direct access to Highway 2A and is just 13 minutes from Red Deer, offering exceptional regional connectivity.
The centre features a diverse tenant mix across food service, specialty retail, liquor, and financial services, including long-standing local businesses such as Resolve Bar & Grill and Sky Way Kitchen. With 100% occupancy and a projected Year 1 NOI of $167,973, the asset offers immediate cash flow and long-term stability.
Blackfalds is experiencing robust population growth (5.6% projected from 2024–2029), supported by infrastructure investment and a strong community orientation. The surrounding area includes residential developments, recreation amenities like the Abbey Centre, and proximity to major urban hubs including Calgary and Edmonton.
This stabilized retail centre is ideal for investors seeking a low-maintenance, community-integrated asset with upside potential in a high-growth corridor. Offers are being accepted on a rolling basis with no set bid date.
The centre features a diverse tenant mix across food service, specialty retail, liquor, and financial services, including long-standing local businesses such as Resolve Bar & Grill and Sky Way Kitchen. With 100% occupancy and a projected Year 1 NOI of $167,973, the asset offers immediate cash flow and long-term stability.
Blackfalds is experiencing robust population growth (5.6% projected from 2024–2029), supported by infrastructure investment and a strong community orientation. The surrounding area includes residential developments, recreation amenities like the Abbey Centre, and proximity to major urban hubs including Calgary and Edmonton.
This stabilized retail centre is ideal for investors seeking a low-maintenance, community-integrated asset with upside potential in a high-growth corridor. Offers are being accepted on a rolling basis with no set bid date.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,389 SF
Building Class
B
Year Built
2007
Price
$2,699,000 CAD
Price Per SF
$321.73 CAD
Cap Rate
6.22%
NOI
$167,973 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.80 AC
Zoning
C-2 - Commercial Highway District
Parking
20 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
109’ on Parkwood Road
NEARBY MAJOR RETAILERS
CONTACTS
-
Reed Newnham -
James Robertson -
Kelsey McBain -
Jacob McIntyre -
Eric Reji -
Sepehr Salehyar -
Avison Young
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
5009 PArkwood Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.