10015 107 St
Westlock, AB T7P 2K7

$3,122,493 USD

Storefront For Sale • 15,586 SF

Property Details

Property Type Storefront
Total Building Size 15,586 SF
Lot Size 0.74 AC
Building Class C
Year Built 1965
Tenancy Multiple
Zoning DTMU

50 Walk Score

                
                    Highlights
                
                                Both tenants operate on NNN leases with limited landlord responsibilities, providing predictable and consistent cash flow.
                            
                                The Shoppers Drug Mart lease includes a fixed rental increase to $23.00 PSF in December 2028, providing in-place income upside without leasing risk.
                            
                                Pharmacy and healthcare retail continues to perform through economic cycles, supported by non-discretionary consumer demand.
                            
                                Dynamite Vape & Smoke extended its 3,687 SF lease in June 2026, a full year ahead of expiry, securing the balance of the building through June 2032.
                            
                                Shoppers Drug Mart has operated at the Subject Property since 2010 and extended its lease in 2025 through November 2030.