5009 PArkwood Rd - Storefront FOR SALE


Blackfalds, AB T4M 0E6
$2,750,000 CAD
780-428-7850
5009 PArkwood Rd, Blackfalds, AB for Sale
$2,750,000 CAD
Storefront - FOR SALE
1/4
null | Request Cap Rate

5009 PArkwood Rd
Blackfalds, AB T4M 0E6


HIGHLIGHTS

  • Fully leased retail centre with five established tenants
  • Located minutes from Red Deer with direct Highway 2A access
  • Strong Year 1 NOI of $167,973 with stable income stream
  • Positioned in a high-growth town with 5.6% projected population increase
  • Diverse tenant mix including food, liquor, boutique retail, and financial services
  • Ample surface parking and excellent visibility from Parkwood Road

OVERVIEW

Cayenne Shopping Centre presents a rare opportunity to acquire a fully leased, income-generating retail asset in the heart of Blackfalds, Alberta—one of Central Alberta’s fastest-growing municipalities. Strategically located at 5009 Parkwood Road, the property sits on a 0.8-acre site with direct access to Highway 2A and is just 13 minutes from Red Deer, offering exceptional regional connectivity. The centre features a diverse tenant mix across food service, specialty retail, liquor, and financial services, including long-standing local businesses such as Resolve Bar & Grill and Sky Way Kitchen. With 100% occupancy and a projected Year 1 NOI of $167,973, the asset offers immediate cash flow and long-term stability. Blackfalds is experiencing robust population growth (5.6% projected from 2024–2029), supported by infrastructure investment and a strong community orientation. The surrounding area includes residential developments, recreation amenities like the Abbey Centre, and proximity to major urban hubs including Calgary and Edmonton. This stabilized retail centre is ideal for investors seeking a low-maintenance, community-integrated asset with upside potential in a high-growth corridor. Offers are being accepted on a rolling basis with no set bid date.

FOR SALE DETAILS

PRICE

$2,750,000 CAD

PRICE/SF

$328 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Reed NewnhamAvison YoungMore Info
780-428-7850

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Reed NewnhamAvison YoungMore Info
780-428-7850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.