Galaxy Plaza presents a rare opportunity to acquire a fully leased, high-performing retail asset in the heart of Drayton Valley. Strategically positioned on 50 Avenue, the town’s primary commercial corridor connecting Highway 22 to downtown, this 2.21-acre site features a modern retail development built in two phases, with a third pad site ready for immediate construction. The plaza is anchored by nationally recognized tenants including Shell and Tim Hortons, both occupying 3,000 SF each. Shell offers eight fuel pumps, a touchless car wash, and a convenience store, while Tim Hortons includes a drive-thru, enhancing traffic and visibility.
Phase Two includes a 4,800 SF multi-tenant building with Edo Japan, Little Caesars, Canna Club, and Liquor 2 Go, all contributing to a diverse and resilient tenant mix. The property benefits from strong daily traffic counts of over 5,500 vehicles and is surrounded by key amenities such as Lions West Valley Park, Rotary Park, and the Eleanor Pickup Arts Centre. With a weighted average lease term of 7.6 years and 100% occupancy, Galaxy Plaza offers stable cash flow and long-term income security. The Phase Three pad site comes with approved plans and permits, allowing for immediate expansion potential.
Drayton Valley’s population of 7,907 and average household income of $95,907 support a robust retail environment. The site is just over an hour from Edmonton and minutes from major highways, making it a strategic investment in a growing Alberta market.