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Gateway Blvd- Marks & Staples 2 Retail Properties in Edmonton, AB
Investment Highlights
- High exposure location
- PHENOMENAL TENANT RETENTION
- CAREFREE & LONG-TERM INCOME SECURITY
Executive Summary
On behalf of our client (the “Vendor”), Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to offer for sale a 100% interest in the freestanding retail buildings of Staples & Mark’s, located at 6510 Gateway Blvd NW & 10360 65 Ave NW, Edmonton, Alberta (“Property”, “Offering” or “Building”). The Offering represents an opportunity to acquire an exceptionally well-managed asset totaling 39,879 square feet (“SF”) on 2.89 acres. The Property is strategically located along the major arterial roadways of Gateway Boulevard and Calgary Trail in south Edmonton, providing exceptional access and exposure to 53,000 VPD. With a W.A.L.T. of 7.41 years, the Property provides an investor a stable asset on a long-term basis.
The Property is currently 100% leased to Staples Canada ULC and Mark’s Work Wearhouse Ltd. through to August 2034 and August 2030, respectively, under self-managing lease agreements providing investors with a carefree investment anchored by market-leading tenants in the strong Edmonton retail market.
The Property is being offered to the market on an unpriced basis. The Vendor reserves the right to call a bid date, which will be communicated through the advisors.
The Property is currently 100% leased to Staples Canada ULC and Mark’s Work Wearhouse Ltd. through to August 2034 and August 2030, respectively, under self-managing lease agreements providing investors with a carefree investment anchored by market-leading tenants in the strong Edmonton retail market.
The Property is being offered to the market on an unpriced basis. The Vendor reserves the right to call a bid date, which will be communicated through the advisors.
Property Facts
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 39,879 SF |
| Status | Active | Total Land Area | 2.70 AC |
| Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 39,879 SF |
| Total Land Area | 2.70 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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Gateway Blvd- Marks & Staples
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