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Silver Creek Shopping Center 800 Veterans Blvd 19,985 SF 89% Leased Retail Building Airdrie, AB T4A 2G1 $9,559,000 CAD ($478.31 CAD/SF) 6.50% Cap Rate

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Investment Highlights

Prime retail complex in Northwest Airdrie with 100% occupancy and a strong mix of established local businesses.
Favorable tax environment with no business, machinery, or equipment taxes, enhancing long-term investment appeal.

Located on a high-visibility corridor in one of Canada’s fastest-growing cities, supported by robust market demographics.

Executive Summary

$200k price drop!!! A prime 19,985 square foot retail complex, strategically located on Veterans Blvd in Northwest Airdrie. Established in 2004, the shopping centre spans a 1.90-acre site. It boasts a 100% occupancy rate, with a diverse mix of local businesses as tenants. Investment Highlights: Robust Market Demographics: Airdrie's trading area encompasses a population of 277,441 and is recognized as one of Canada's fastest-growing cities. Favorable Tax Environment: Airdrie offers one of the lowest municipal tax rates in Alberta, with no business, machinery, or equipment taxes. Competitive Property Costs: The city benefits from low property assessment values, enhancing investment attractiveness. With a strong operating history, stable income, and a growing revenue profile, This Shopping Centre presents an exceptional opportunity to acquire a premier neighborhood shopping center at a competitive price per square foot and favorable investment.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

19,985 SF

Building Class

Year Built

2004

Price

$9,559,000 CAD

Price Per SF

$478.31 CAD

Cap Rate

6.50%

NOI

$621,335 CAD

Percent Leased

89%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.24

Lot Size

1.90 AC

Zoning

C-1 - Commercial

Parking

57 Spaces (2.85 Spaces per 1,000 SF Leased)

Pylon Sign

Restaurant

Signage

Space Availability

Space
Size
Space Use
Position
Available

311
2,146 SF
Retail
-
Now

- Located on busy Veteran’s Blvd with easy access to Deerfoot Trail (QE2) - Space is currently developed for a full-service restaurant (some equipment available) - End cap with great exposure - Ample parking - Retail entrance with great signage exposure - Pylon signage and building signage available at prevailing rates - Anchored by Gas Bar, and variety of established retailers