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Dollarama 818 18 St 10,105 SF 4-Star Retail Building Fort Macleod, AB $2,895,520 USD ($286.54 USD/SF) 6% Cap Rate
Investment Highlights
- Freestanding, newly constructed 10,105 SF singletenant building situated on a 0.76-acre site, zero near-term capital expenditure req.
- New 15-year initial lease term with built in rental rate escalations and multiple renewal options, providing secure, long-term cash flow.
- The property benefits from highway traffic passing through Fort Macleod, is directly across from the city’s largest grocer.
- 100% leased to Dollarama LP, backed by one of the most familiar retail brands in the country and structured with minimal landlord responsibilities.
- Located at the corner of 18 Street and Crowsnest Highway (Highway 3), with exposure to approximately 11,000 vehicles per day ("VPD").
- features approximately 146 feet of frontage along Highway 3.
Executive Summary
We are pleased to present the opportunity to acquire 818 18 Street, Fort Macleod, Alberta (the “Subject Property”). The Subject Property features a newly constructed 10,105 SF single-tenant building situated on a 0.76-acre site, and is 100% secured by strong corporate covenant, Dollarama LP, on a triple-net (“NNN”) lease, providing minimal landlord responsibilities. The investment is secured by a 15-year initial lease term with multiple renewal options, offering long-term, stable cash flow.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,105 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Price
$2,895,520 USD
Price Per SF
$286.54 USD
Cap Rate
6%
NOI
$173,731 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.76 AC
Zoning
GC - General Commercial
Nearby Major Retailers
1 of 5
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Dollarama | 818 18 St
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