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Willow Shopping Centre 2 Retail Properties Offered at $8,887,751 in Okotoks, AB
Investment Highlights
- Strategically located on Northridge Drive.
- Ample customer parking on Riverside Way and Riverside Drive.
- Complementary tenant mix.
- 100% occupied with durable, service-oriented tenancies.
Executive Summary
Willow Shopping Centre is a 26,670 SF, two-building strata retail investment featuring prominent exposure along Northridge Drive in Okotoks, Alberta. The centre is fully leased to a diversified mix of service-oriented and daily-needs tenants, generating $814,680 in stabilized NOI with a 5.12-year weighted average lease term (“WALT”) and $29.27 PSF weighted average net rent (“WANR”). Situated within an established, high-income residential trade area, the property benefits from surrounding schools, mature residential density and $871M in consumer spending within a 3 km radius.
Property Facts
| Price | $8,887,751 USD | Number of Properties | 2 |
| Price / SF | $311.81 USD / SF | Individually For Sale | 0 |
| Cap Rate | 6.71% | Total Building Size | 28,504 SF |
| Sale Type | Investment | Total Land Area | 3.42 AC |
| Status | Active |
| Price | $8,887,751 USD |
| Price / SF | $311.81 USD / SF |
| Cap Rate | 6.71% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 28,504 SF |
| Total Land Area | 3.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 40 Riverside Way, Okotoks, AB T1S 1M3 | Retail | 19,180 SF | 2009 | - |
| 71 Riverside Dr, Okotoks, AB T1S 1M3 | Retail | 9,324 SF | 1958 | - |
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Willow Shopping Centre
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