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 longterm 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.