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Shopping Strip

DEER PARK CROSSING

24 Deer Park Crescent, Spruce Grove, AB T7X 4J2

Listing Price: $8,950,000

Cap Rate
5.63%
Gross SF
9,230
Rentable SF
9,230
Price/Gross SF
$969.66
Lot Size
2.00 acres
Year Built
2023

Investment Overview

We are excited to present the opportunity for an investor to acquire Deer Park Crossing located at 1 Dalton Link, Spruce Grove, Alberta (the “Subject Property”). Boasting brand-new 2023 construction, the Subject Property is 100% leased by corporate covenants, Co-Op Gas Bar + Convenience Store, Co-Op Liquor, and Tim Hortons (The TDL Group Corp.). Spruce Grove is experiencing remarkable growth,
resulting in high demand for convenience-oriented retail. The Subject Property is situated less than 600 meters from major interprovincial Highway 16 (Yellowhead Highway), with direct access via local arterial Jennifer Heil Way, making this a highly convenient location for routine stops by both local and regional
commuters within the Edmonton Metropolitan Area.

Investment Highlights

  • Brand-new retail strip comprised of daily-needs retail services and built-out with a drive-thru, enhancing the offerings accessibility and convenience.
  • Secured by strong corporate covenants, Federated Co-Op and TDL Group Corp. and operating on investor friendly, long-term NNN leases.
  • The tenants are operating on long-term leases with scheduled rental escalations and additional signage income.
  • Immediate proximity to Highway 16 (Yellowhead Highway), the location captures a significant volume of traffic comprised of both local and regional commuters traveling to and from Edmonton.
  • Located within a brand-new residential node in Spruce Grove, and nearby amenities such as golf courses, Tri- Leisure Centre, grocery stores, and more.
  • Benefits from direct exposure and prominent signage along Jennifer Heil Way (16,700 VPD), creating maximum visibility.
  • Well-positioned to capitalize on the strong retail demand that Spruce Grove is experiencing, driven by population growth and increased customer spending.

Exclusively Listed By

Shopping Strip

DEER PARK CROSSING

Listing Price: $8,950,000

Cap Rate
5.63%
Gross SF
9,230
Rentable SF
9,230
Price/Gross SF
$969.66
Lot Size
2.00 acres
Year Built
2023

Investment Highlights

  • Brand-new retail strip comprised of daily-needs retail services and built-out with a drive-thru, enhancing the offerings accessibility and convenience.
  • Secured by strong corporate covenants, Federated Co-Op and TDL Group Corp. and operating on investor friendly, long-term NNN leases.
  • The tenants are operating on long-term leases with scheduled rental escalations and additional signage income.
  • Immediate proximity to Highway 16 (Yellowhead Highway), the location captures a significant volume of traffic comprised of both local and regional commuters traveling to and from Edmonton.
  • Located within a brand-new residential node in Spruce Grove, and nearby amenities such as golf courses, Tri- Leisure Centre, grocery stores, and more.
  • Benefits from direct exposure and prominent signage along Jennifer Heil Way (16,700 VPD), creating maximum visibility.
  • Well-positioned to capitalize on the strong retail demand that Spruce Grove is experiencing, driven by population growth and increased customer spending.

Investment Overview

We are excited to present the opportunity for an investor to acquire Deer Park Crossing located at 1 Dalton Link, Spruce Grove, Alberta (the “Subject Property”). Boasting brand-new 2023 construction, the Subject Property is 100% leased by corporate covenants, Co-Op Gas Bar + Convenience Store, Co-Op Liquor, and Tim Hortons (The TDL Group Corp.). Spruce Grove is experiencing remarkable growth, resulting in high demand for convenience-oriented retail. The Subject Property is situated less than 600 meters from major interprovincial Highway 16 (Yellowhead Highway), with direct access via local arterial Jennifer Heil Way, making this a highly convenient location for routine stops by both local and regional commuters within the Edmonton Metropolitan Area.

Exclusively Listed By

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