5733 50 Ave - Retail FOR SALE


Drayton Valley, AB T7A 1J9
$5,450,000 CAD
780-428-7850
5733 50 Ave, Drayton Valley, AB for Sale
$5,450,000 CAD
Retail - FOR SALE
1/3
null | 6.8% Cap Rate

5733 50 Ave
Drayton Valley, AB T7A 1J9


HIGHLIGHTS

  • Fully leased retail plaza with national and regional tenants
  • Drive-thru Tim Hortons and Shell gas bar with car wash
  • Approved Phase Three pad site with permits in place
  • Located on high-traffic 50 Avenue with 5,553 vehicles/day
  • Long-term leases with 7.6-year WALT ensure income stability
  • Strong demographics with $95K average household income

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,450,000 CAD

PRICE/SF

$454 CAD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Galaxy Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

C-GEN

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.