Blackfalds Drug Stores for Sale

Commercial Real Estate in Blackfalds available for sale

Retail Spaces for Sale Within of Blackfalds

5009 PArkwood Rd

Blackfalds, AB T4M 0E6

Retail for Sale
$2,699,000 CAD
8,389 SF

Blackfalds Retail for Sale

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.