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10015 107 Street
10015 107 Street, Westlock, AB T7P 2K7
Listing Price: $4,320,000
Investment Overview
Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 10015 107 Street, Westlock, Alberta (the "Subject Property").
The Subject Property is 100% leased and anchored by Shoppers Drug Mart, a subsidiary of Loblaw Companies Limited (TSX: L) and Canada's leading pharmacy retailer, which occupies over three-quarters of the leasable area. The balance of the building is leased to Dynamite Vape and Smoke on a recently renewed triple-net ("NNN") lease. Supported by secure lease commitments from both tenants, the Offering provides secure cash flow and long-term income stability backed by one of Canada's most recognized retail and healthcare brands.
The Subject Property features a 15,586 SF retail building located approximately 90 kilometres north of Edmonton. The property is 100% leased to two tenants, with Shoppers Drug Mart serving as the anchor and Dynamite Vape and Smoke occupying the balance of the premises. Positioned immediately west of Highway 44 within Westlock's established retail and service node, the property benefits from strong visibility, convenient access, and a strategic location serving the community and surrounding trade area.
10015 107 Street
Investment Highlights
- Both tenants are secured on NNN leases, limiting landlord responsibilities and providing stable, predictable cash flow with minimal management obligations.
- Shoppers Drug Mart's lease includes a fixed rent increase to $23.00 PSF in December 2028, creating built-in income growth without leasing risk or capital investment.
- Pharmacy and healthcare retail are supported by essential consumer demand, providing resilient performance through economic cycles and market fluctuations.
- Dynamite Vape & Smoke renewed its 3,687 SF lease in June 2026, one year before expiry, securing tenancy through June 2032 and reducing rollover risk.
- Shoppers Drug Mart has occupied the property since 2010 and renewed through November 2030, with four additional 5-year renewal options remaining.
Exclusively Listed By
Listing Price: $4,320,000
Investment Highlights
- Both tenants are secured on NNN leases, limiting landlord responsibilities and providing stable, predictable cash flow with minimal management obligations.
- Shoppers Drug Mart's lease includes a fixed rent increase to $23.00 PSF in December 2028, creating built-in income growth without leasing risk or capital investment.
- Pharmacy and healthcare retail are supported by essential consumer demand, providing resilient performance through economic cycles and market fluctuations.
- Dynamite Vape & Smoke renewed its 3,687 SF lease in June 2026, one year before expiry, securing tenancy through June 2032 and reducing rollover risk.
- Shoppers Drug Mart has occupied the property since 2010 and renewed through November 2030, with four additional 5-year renewal options remaining.
Investment Overview
Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 10015 107 Street, Westlock, Alberta (the "Subject Property"). The Subject Property is 100% leased and anchored by Shoppers Drug Mart, a subsidiary of Loblaw Companies Limited (TSX: L) and Canada's leading pharmacy retailer, which occupies over three-quarters of the leasable area. The balance of the building is leased to Dynamite Vape and Smoke on a recently renewed triple-net ("NNN") lease. Supported by secure lease commitments from both tenants, the Offering provides secure cash flow and long-term income stability backed by one of Canada's most recognized retail and healthcare brands. The Subject Property features a 15,586 SF retail building located approximately 90 kilometres north of Edmonton. The property is 100% leased to two tenants, with Shoppers Drug Mart serving as the anchor and Dynamite Vape and Smoke occupying the balance of the premises. Positioned immediately west of Highway 44 within Westlock's established retail and service node, the property benefits from strong visibility, convenient access, and a strategic location serving the community and surrounding trade area.
Exclusively Listed By
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