Vacant-User
6510 Gateway Blvd NW & 10360 65 Avenue NW
6510 Gateway Blvd NW, Edmonton, AB T6H 5Z5
Listing Price: $13,320,000
Investment Overview
Marcus & Millichap's Western Canada NNN Group is pleased to present 6510 Gateway Boulevard NW & 10360 65 Avenue NW, Edmonton, Alberta (the "Subject Property"), a 39,879 SF, two-building retail offering on a 2.89-acre site, 100% leased to national tenants Staples Canada ULC and Mark's Work Wearhouse Ltd. on triple-net (NNN) leases.
Positioned along the Gateway Boulevard and Calgary Trail corridor in south Edmonton, the Subject Property benefits from exposure to over 62,500 VPD and is shadow-anchored by Home Depot within one of the city's most established large-format retail nodes. Staples occupies its building under a lease running to August 2034 with contractual rent escalations, while Mark's, a subsidiary of Canadian Tire Corporation, Limited (TSX: CTC.A), occupies the adjacent building to August 2030. With both tenants in place since 1999 and 2005 respectively, and each responsible for its own building and site, the offering delivers a secure, fully national income stream in a core Edmonton location.
6510 Gateway Blvd NW & 10360 65 Avenue NW
Investment Highlights
- 100% leased to Staples Canada ULC and Mark's Work Wearhouse Ltd., two nationally recognized retailers providing a strong and diversified institutional-quality income stream.
- Triple-net lease structure with tenants responsible for operating costs, maintenance, and repairs, resulting in minimal landlord responsibilities and passive ownership.
- Staples has occupied the property since 1999 and Mark's since 2005, demonstrating long-term site commitment and proven operating performance.
- Secure long-term lease terms with Staples committed through August 2034 and Mark's through August 2030 following recent lease extensions.
- Built-in rental growth through fixed lease escalations in the Staples lease, providing contractual income increases in 2027 and 2031.
- Prominent location fronting Gateway Boulevard and Calgary Trail within a dominant south Edmonton retail node, adjacent to Home Depot and major national retailers.
Exclusively Listed By
Listing Price: $13,320,000
Investment Highlights
- 100% leased to Staples Canada ULC and Mark's Work Wearhouse Ltd., two nationally recognized retailers providing a strong and diversified institutional-quality income stream.
- Triple-net lease structure with tenants responsible for operating costs, maintenance, and repairs, resulting in minimal landlord responsibilities and passive ownership.
- Staples has occupied the property since 1999 and Mark's since 2005, demonstrating long-term site commitment and proven operating performance.
- Secure long-term lease terms with Staples committed through August 2034 and Mark's through August 2030 following recent lease extensions.
- Built-in rental growth through fixed lease escalations in the Staples lease, providing contractual income increases in 2027 and 2031.
- Prominent location fronting Gateway Boulevard and Calgary Trail within a dominant south Edmonton retail node, adjacent to Home Depot and major national retailers.
Investment Overview
Marcus & Millichap's Western Canada NNN Group is pleased to present 6510 Gateway Boulevard NW & 10360 65 Avenue NW, Edmonton, Alberta (the "Subject Property"), a 39,879 SF, two-building retail offering on a 2.89-acre site, 100% leased to national tenants Staples Canada ULC and Mark's Work Wearhouse Ltd. on triple-net (NNN) leases. Positioned along the Gateway Boulevard and Calgary Trail corridor in south Edmonton, the Subject Property benefits from exposure to over 62,500 VPD and is shadow-anchored by Home Depot within one of the city's most established large-format retail nodes. Staples occupies its building under a lease running to August 2034 with contractual rent escalations, while Mark's, a subsidiary of Canadian Tire Corporation, Limited (TSX: CTC.A), occupies the adjacent building to August 2030. With both tenants in place since 1999 and 2005 respectively, and each responsible for its own building and site, the offering delivers a secure, fully national income stream in a core Edmonton location.
Exclusively Listed By
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