11001 20 Av - Freestanding FOR SALE


Blairmore, AB T0K 0E0
$6,488,000 CAD
825-425-1975
11001 20 Av, Blairmore, AB for Sale
$6,488,000 CAD
Freestanding - FOR SALE
1/39
null | 7.86% Cap Rate

11001 20 Av
Blairmore, AB T0K 0E0


HIGHLIGHTS

  • Fully leased grocery-anchored mall with national tenants
  • 8.24% cap rate with $534K+ NOI and NNN lease structure
  • Located under 600 meters from Highway 3 with 22,070 VPD
  • Anchored by IGA (Sobeys) and Scotiabank, plus medical/pharmacy
  • 110 surface parking stalls and recent roof upgrades
  • Positioned in a growing tourism and trade corridor

OVERVIEW

Positioned in the heart of Blairmore, Alberta, Crowsnest Mall is a fully leased, grocery-anchored regional shopping center offering investors a rare opportunity to acquire a stabilized asset with strong in-place income. Spanning 56,886 square feet on 7.79 acres, the property is anchored by IGA (Sobeys), a nationally recognized grocery brand, and complemented by a diverse tenant mix including Scotiabank, Red Apple, a medical clinic, and a pharmacy. All nine units are secured with NNN leases, ensuring predictable cash flow and minimal landlord responsibilities. Strategically located less than 600 meters from Highway 3, the mall benefits from exceptional visibility and access, drawing consistent daytime traffic from both locals and tourists. The site is supported by 110 surface parking stalls and has undergone recent roof improvements, reflecting proactive ownership. With a current NOI of $534,653 and an attractive 8.24% cap rate, this asset offers immediate yield with long-term upside. Blairmore is a gateway to the Canadian Rockies, and the Crowsnest Pass region is a growing tourism and recreation hub. The trade area is projected to grow to over 17,700 residents by 2030 with mining expansion, further enhancing retail demand. Nearby attractions such as Castle Mountain Resort, Frank Slide Interpretive Centre, and Pass Powderkeg Ski Area contribute to year-round foot traffic. This is a rare chance to acquire a high-performing retail asset in a tightly held market with zero vacancy, strong tenancy, and future redevelopment potential.

FOR SALE DETAILS

PRICE

$6,488,000 CAD

PRICE/SF

$138 CAD /SF

CAP RATE

7.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crowsnest Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

7.79 AC

LAND SF

339,332 SF

ZONING

C-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

825-425-1975

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825-425-1975

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