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Shopping Neighborhood

Pioneer Place

280 Pioneer Rd, Spruce Grove, AB J4Y 0K7

Listing Price: $12,500,000

Cap Rate
6.50%
Gross SF
24,200
Rentable SF
24,200
Price/Gross SF
$516.53
Lot Size
2.48 acres
Year Built
2021

Investment Overview

Unique opportunity to purchase a Petro Canada anchored retail center comprised of +/-24,200 SF along emerging Pioneer Road in Spruce Grove. The area in which Pioneer Place is located in is undergoing significant residential development, with the Tonewood, Fenwyck and Prescott Neighbourhoods already in development. The property is also located 3 minutes north of Parkland Highway and is nearby well-known Jubilee Park that is comprised of nearly 64 acres of parkland. The centre offers the ability to join a developing retail area with already established national and local tenants in place.

Investment Highlights

  • Brand-new +/-24,200 SF Petro Canada anchored commercial retail centre with ten units, and a gas bar along popular Grove Drive and up-and-coming Pioneer Road
  • Currently leased to national brands and well-known unique local businesses
  • Excellent on-site parking amenities provide ample customer parking (104 stalls)

Exclusively Listed By

Shopping Neighborhood

Pioneer Place

Listing Price: $12,500,000

Cap Rate
6.50%
Gross SF
24,200
Rentable SF
24,200
Price/Gross SF
$516.53
Lot Size
2.48 acres
Year Built
2021

Investment Highlights

  • Brand-new +/-24,200 SF Petro Canada anchored commercial retail centre with ten units, and a gas bar along popular Grove Drive and up-and-coming Pioneer Road
  • Currently leased to national brands and well-known unique local businesses
  • Excellent on-site parking amenities provide ample customer parking (104 stalls)

Investment Overview

Unique opportunity to purchase a Petro Canada anchored retail center comprised of +/-24,200 SF along emerging Pioneer Road in Spruce Grove. The area in which Pioneer Place is located in is undergoing significant residential development, with the Tonewood, Fenwyck and Prescott Neighbourhoods already in development. The property is also located 3 minutes north of Parkland Highway and is nearby well-known Jubilee Park that is comprised of nearly 64 acres of parkland. The centre offers the ability to join a developing retail area with already established national and local tenants in place.

Exclusively Listed By

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