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Crowsnest Mall 11001 20 Av 46,866 SF 100% Leased Retail Building Blairmore, AB T0K 0E0 $4,647,831 USD ($99.17 USD/SF) 7.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased grocery-anchored mall with national tenants
- Located under 600 meters from Highway 3 with 22,070 VPD
- 110 surface parking stalls and recent roof upgrades
- 8.24% cap rate with $534K+ NOI and NNN lease structure
- Anchored by IGA (Sobeys) and Scotiabank, plus medical/pharmacy
- Positioned in a growing tourism and trade corridor
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
46,866 SF
Building Class
C
Year Built/Renovated
1976/1999
Price
$4,647,831 USD
Price Per SF
$99.17 USD
Cap Rate
7.86%
NOI
$365,194 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.14
Lot Size
7.79 AC
Zoning
C-3 - Comprehensive Commercial with additional land for Multifamily development.
his property offers a strong cap rate. All nine units are secured with NNN
Parking
110 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
226’ on 20 Avenue
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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Crowsnest Mall | 11001 20 Av
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