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10015 107 St 15,586 SF 100% Leased Retail Building Westlock, AB T7P 2K7 $3,144,981 USD ($201.78 USD/SF) 7.08% Cap Rate
Investment Highlights
- Property W.A.L.T. of 4.09 years and Shoppers Drug Mart W.A.L.T. of 4.66 years (as of April 1, 2026)
- Extensive repairs and maintenance completed by current ownership
- Dominant pharmacy operator location with limited retail competition and fulsome offerings of drug, grocery, and convenience
- The Property is prominently positioned along Westlocks main business corridor with Shoppers Drug Mart occupying a center ice location since 2010
- Situated about an hour north of Edmonton, providing urban access with rural benefits
- Central downtown locations within the commercial districts of Westlock
Executive Summary
Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to present the opportunity to purchase a 100% freehold interest in a pharmacy-anchored retail asset in Westlock, Alberta (the “Property”). The Property is anchored by Canada’s largest pharmacy operators, Shoppers Drug Mart, encompassing 83.5% of the Property’s base rent and with term through November 2030. This necessity-based Property is in the stable secondary market of Westlock, servicing the greater community of central Alberta.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,586 SF
Building Class
C
Year Built/Renovated
1965/2012
Price
$3,144,981 USD
Price Per SF
$201.78 USD
Cap Rate
7.08%
NOI
$222,665 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.98 AC
Zoning
DTMU - Downtown Mixed Use
Parking
40 Spaces (2.56 Spaces per 1,000 SF Leased)
Amenities
- Signage
Walk Score®
Very Walkable (71)
Nearby Major Retailers
1 of 5
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10015 107 St
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