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Shopping Neighborhood

804 Main Street SE, Airdrie AB

804 Main St SE, Airdrie, AB T4B 3M1

Listing Price: $6,000,000

Cap Rate
5.86%
Gross SF
19,268
Rentable SF
19,268
Price/Gross SF
$311.40
Lot Size
1.68 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 804 Main Street SE in Airdrie, Alberta (the "Subject Property"). The Subject Property is a fully leased, triple-net (NNN) investment opportunity featuring a freestanding retail asset anchored by London Drugs, with FYiDoctors as a co-tenant.

Investment Highlights

  • Rarely Available: Freestanding 19,269 SF building on 1.68 acres, 100% leased to London Drugs Limited and FYI Eye Care Services and Products Inc.
  • Secure and Carefree Property: Anchored by London Drugs Limited, providing a stable, long-term investment. London Drugs occupies 86% of the rentable area and contributes 82% of the total NOI.
  • Strategic Location: The Subject Property is situated in a dense retail node along Main Street SE (with over 14,000 vehicles passing daily), a key arterial route serving Airdrie.
  • Proximity to Airdrie Community Amenities: The Subject Property is strategically located across from Airdrie's upcoming multi-use and library facility, which spans over 73,000 SF and is scheduled to open in August 2025.
  • The Subject Property is also positioned just 250 meters from the Airdrie Community Health Centre, which offers a wide range of health services, including 24-hour urgent care, public health, home care, and mental health services.

Exclusively Listed By

Shopping Neighborhood

804 Main Street SE, Airdrie AB

Listing Price: $6,000,000

Cap Rate
5.86%
Gross SF
19,268
Rentable SF
19,268
Price/Gross SF
$311.40
Lot Size
1.68 acres
Year Built
2006

Investment Highlights

  • Rarely Available: Freestanding 19,269 SF building on 1.68 acres, 100% leased to London Drugs Limited and FYI Eye Care Services and Products Inc.
  • Secure and Carefree Property: Anchored by London Drugs Limited, providing a stable, long-term investment. London Drugs occupies 86% of the rentable area and contributes 82% of the total NOI.
  • Strategic Location: The Subject Property is situated in a dense retail node along Main Street SE (with over 14,000 vehicles passing daily), a key arterial route serving Airdrie.
  • Proximity to Airdrie Community Amenities: The Subject Property is strategically located across from Airdrie's upcoming multi-use and library facility, which spans over 73,000 SF and is scheduled to open in August 2025.
  • The Subject Property is also positioned just 250 meters from the Airdrie Community Health Centre, which offers a wide range of health services, including 24-hour urgent care, public health, home care, and mental health services.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 804 Main Street SE in Airdrie, Alberta (the "Subject Property"). The Subject Property is a fully leased, triple-net (NNN) investment opportunity featuring a freestanding retail asset anchored by London Drugs, with FYiDoctors as a co-tenant.

Exclusively Listed By

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