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6510 Gateway Blvd NW
Edmonton, AB T6H 5Z5
6510 Gateway Blvd NW & 10360 65 Ave NW · Retail Property For Sale
·
39,879 SF Total
Investment Highlights
- 100% leased to two national retailers: Staples Canada ULC, one of Canada's largest office-products retailers, and Mark's Work Wearhouse Ltd.
- Staples and Mark's have anchored the site since 1999 and 2005. Both tenants extended in recent years, with Staples committing through August 2034.
- The Staples lease includes fixed rental escalations in 2027 and 2031, providing in-place income upside without associated leasing risk.
- Both tenants operate on triple-net leases and maintain their own buildings and sites. Landlord obligations are minimal, with no day-today management.
- Mark's through August 2030, reinforcing their long-term commitment to the location.
- Fronting Gateway Boulevard and Calgary Trail, Edmonton's primary north-south arterial pair, offering exceptional visibility.
Executive Summary
Marcus & Millichap's Western Canada NNN Group is pleased to present 6510 Gateway Boulevard NW & 10360 65 Avenue NW, Edmonton, Alberta (the "Subject Property"), a 39,879 SF, two-building retail offering on a 2.89-acre site, 100% leased to national tenants Staples Canada ULC and Mark's Work Wearhouse Ltd. on triple-net (NNN) leases.
Positioned along the Gateway Boulevard and Calgary Trail corridor in south Edmonton, the Subject Property benefits from exposure to over 62,500 VPD and is shadow-anchored by Home Depot within one of the city's most established large-format retail nodes. Staples occupies its building under a lease running to August 2034 with contractual rent escalations, while Mark's, a subsidiary of Canadian Tire Corporation, Limited (TSX: CTC.A), occupies the adjacent building to August 2030. With both tenants in place since 1999 and 2005 respectively, and each responsible for its own building and site, the offering delivers a secure, fully national income stream in a core Edmonton location.
Positioned along the Gateway Boulevard and Calgary Trail corridor in south Edmonton, the Subject Property benefits from exposure to over 62,500 VPD and is shadow-anchored by Home Depot within one of the city's most established large-format retail nodes. Staples occupies its building under a lease running to August 2034 with contractual rent escalations, while Mark's, a subsidiary of Canadian Tire Corporation, Limited (TSX: CTC.A), occupies the adjacent building to August 2030. With both tenants in place since 1999 and 2005 respectively, and each responsible for its own building and site, the offering delivers a secure, fully national income stream in a core Edmonton location.
Property Facts
| Price / SF | $334.01 CAD / SF | Number of Properties | 2 |
| Cap Rate | 6.48% | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 39,879 SF |
| Status | Active | Total Land Area | 5.78 AC |
| Price / SF | $334.01 CAD / SF |
| Cap Rate | 6.48% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 39,879 SF |
| Total Land Area | 5.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Staples
6510 Gateway Blvd NW, Edmonton, AB T6H 5Z5 |
Retail | 27,934 SF | 1999 | - |
|
Mark's
10360 65th Ave NW, Edmonton, AB T6H 1T9 |
Retail | 11,945 SF | 2005 | - |
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