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More details for 11001 20 Av, Blairmore, AB - Retail for Sale

Crowsnest Mall - 11001 20 Av

Blairmore, AB T0K 0E0

Retail for Sale
$6,488,000 CAD
46,866 SF

Air Conditioning
Wheelchair Accessible

Blairmore Retail for Sale

Positioned in the heart of Blairmore, Alberta, Crowsnest Mall is a fully leased, grocery-anchored regional shopping center offering investors a rare opportunity to acquire a stabilized asset with strong in-place income. Spanning 56,886 square feet on 7.79 acres, the property is anchored by IGA (Sobeys), a nationally recognized grocery brand, and complemented by a diverse tenant mix including Scotiabank, Red Apple, a medical clinic, and a pharmacy. All nine units are secured with NNN leases, ensuring predictable cash flow and minimal landlord responsibilities. Strategically located less than 600 meters from Highway 3, the mall benefits from exceptional visibility and access, drawing consistent daytime traffic from both locals and tourists. The site is supported by 110 surface parking stalls and has undergone recent roof improvements, reflecting proactive ownership. With a current NOI of $534,653 and an attractive 8.24% cap rate, this asset offers immediate yield with long-term upside. Blairmore is a gateway to the Canadian Rockies, and the Crowsnest Pass region is a growing tourism and recreation hub. The trade area is projected to grow to over 17,700 residents by 2030 with mining expansion, further enhancing retail demand. Nearby attractions such as Castle Mountain Resort, Frank Slide Interpretive Centre, and Pass Powderkeg Ski Area contribute to year-round foot traffic. This is a rare chance to acquire a high-performing retail asset in a tightly held market with zero vacancy, strong tenancy, and future redevelopment potential.