6510 Gateway Blvd NW & 10360 65 Ave NW Retail FOR SALE


Edmonton, AB - South Central
$13,320,000 CAD
236-200-0815
, Edmonton, AB for Sale
$13,320,000 CAD
Retail - FOR SALE
1/6
null | 6.48% Cap Rate

6510 Gateway Blvd NW & 10360 65 Ave NW
Edmonton, AB
South Central


HIGHLIGHTS

  • 100% leased to two national retailers: Staples Canada ULC, one of Canada's largest office-products retailers, and Mark's Work Wearhouse Ltd.
  • Both tenants operate on triple-net leases and maintain their own buildings and sites. Landlord obligations are minimal, with no day-today management.
  • Staples and Mark's have anchored the site since 1999 and 2005. Both tenants extended in recent years, with Staples committing through August 2034.
  • Mark's through August 2030, reinforcing their long-term commitment to the location.
  • The Staples lease includes fixed rental escalations in 2027 and 2031, providing in-place income upside without associated leasing risk.
  • Fronting Gateway Boulevard and Calgary Trail, Edmonton's primary north-south arterial pair, offering exceptional visibility.

OVERVIEW

Marcus & Millichap's Western Canada NNN Group is pleased to present 6510 Gateway Boulevard NW & 10360 65 Avenue NW, Edmonton, Alberta (the "Subject Property"), a 39,879 SF, two-building retail offering on a 2.89-acre site, 100% leased to national tenants Staples Canada ULC and Mark's Work Wearhouse Ltd. on triple-net (NNN) leases. Positioned along the Gateway Boulevard and Calgary Trail corridor in south Edmonton, the Subject Property benefits from exposure to over 62,500 VPD and is shadow-anchored by Home Depot within one of the city's most established large-format retail nodes. Staples occupies its building under a lease running to August 2034 with contractual rent escalations, while Mark's, a subsidiary of Canadian Tire Corporation, Limited (TSX: CTC.A), occupies the adjacent building to August 2030. With both tenants in place since 1999 and 2005 respectively, and each responsible for its own building and site, the offering delivers a secure, fully national income stream in a core Edmonton location.

ASK ABOUT THIS PROPERTY

Jon BuckleyMarcus & MillichapMore Info
236-200-0815

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Jon BuckleyMarcus & MillichapMore Info
236-200-0815

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