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Silver Creek Shopping Center 800 Veterans Blvd 19,985 SF 89% Leased Retail Building Airdrie, AB T4A 2G1 $7,013,515 USD ($350.94 USD/SF) 6.50% Cap Rate

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Investment Highlights

Prime retail complex in Northwest Airdrie with 100% occupancy and a strong mix of established local businesses.
Favorable tax environment with no business, machinery, or equipment taxes, enhancing long-term investment appeal.

Located on a high-visibility corridor in one of Canada’s fastest-growing cities, supported by robust market demographics.

Executive Summary

$200k price drop!!! A prime 19,985 square foot retail complex, strategically located on Veterans Blvd in Northwest Airdrie. Established in 2004, the shopping centre spans a 1.90-acre site. It boasts a 100% occupancy rate, with a diverse mix of local businesses as tenants. Investment Highlights: Robust Market Demographics: Airdrie's trading area encompasses a population of 277,441 and is recognized as one of Canada's fastest-growing cities. Favorable Tax Environment: Airdrie offers one of the lowest municipal tax rates in Alberta, with no business, machinery, or equipment taxes. Competitive Property Costs: The city benefits from low property assessment values, enhancing investment attractiveness. With a strong operating history, stable income, and a growing revenue profile, This Shopping Centre presents an exceptional opportunity to acquire a premier neighborhood shopping center at a competitive price per square foot and favorable investment.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

19,985 SF

Building Class

Year Built

2004

Price

$7,013,515 USD

Price Per SF

$350.94 USD

Cap Rate

6.50%

NOI

$455,878 USD

Percent Leased

89%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.24

Lot Size

1.90 AC

Zoning

C-1 - Commercial

Parking

57 Spaces (2.85 Spaces per 1,000 SF Leased)

Pylon Sign

Restaurant

Signage

Space Availability

Space
Size
Space Use
Position
Available

311
2,166 SF
Retail
End Cap
Now

Located on busy Veteran’s Blvd with easy access to Deerfoot Trail (QE2). Space is currently developed for a full-service restaurant (some equipment available). End cap with great exposure. Retail entrance with great signage exposure. Pylon signage and building signage available at prevailing rates. Anchored by Gas Bar, and variety of established retailers