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10639 156th St NW 5,400 SF 100% Leased Retail Building Edmonton, AB T5P 2S2 $915,557 USD ($169.55 USD/SF) 7.57% Cap Rate
Investment Highlights
- Located in Edmonton’s active West End commercial corridor with strong connectivity.
- Direct access to major roads, including Anthony Henday Drive and Yellowhead Trail.
Executive Summary
REMAX Commercial Excel is pleased to present 10635 156 street NW, a fully-leased single-tenant retail investment positioned on a signalized hard corner of one of west Edmonton's most established commercial arterials. The 5,400 SF building sits on a .47-acre lot at the intersection of 156 Street & 107 Avenue; a node that combines strong daily traffic exposure with a deep, mature residential catchment. The asset trades with income in place to October 2030 under a triple-net (NNN) lease structure to a long-tenured neighbourhood retailer with a continuous operating history at the property. The lease was recently amended in August 2025 -- strengthening landlord rights and stepping rent -- providing a buyer with stable, recovered cash flow through the hold period and clear optionality at term.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
5,400 SF
Building Class
C
Year Built
1985
Price
$915,557 USD
Price Per SF
$169.55 USD
Cap Rate
7.57%
NOI
$69,343 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.47 AC
Zoning
CN - Neighbourhood Commercial
Parking
20 Spaces (3.7 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 19
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10639 156th St NW
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