Closing Date: February 2024
Addresses: 3 Stonegate Drive NW, Airdrie, AB (Dickson Trail Crossing) &
804 Main Street SE, Airdrie, AB
Site Size: Dickson Trail Crossing: 4.51 Acres (196,456 SF)
804 Main Street SE: 1.7 Acres (73,161 SF)
Total NRA: Dickson Trail Crossing: 52,437 SF
804 Main Street SE: 19,268 SF
Highlights:
PROVIDING INCOME STABILITY WITH STRONG HISTORICAL OCCUPANCY
- Fully-leased to a diverse tenant roster of national and local retailers with a WALT of 6.1 years and an average in-place rent of $26.67 PSF. Nearly half of the tenants within the Portfolio have been in occupancy for over 13 years, reinforcing the income stability of the Portfolio
STRATEGICALLY LOCATED ALONG HIGH-TRAFFIC CORRIDORS
- The Properties are situated at the gateway to Airdrie’s central and north residential communities along major Highways. Dickson Trail Crossing and 804 Main Street SE have direct exposure to over 38,000 and 10,800 vehicles per day, respectively
FASTEST GROWING CITY IN ALBERTA
- Airdrie is currently the fastest growing city in Alberta and the population is projected to grow by 5% year-over-year. This will continue to drive demand for necessity-based retail centres, providing investors with meaningful growth opportunities. Airdrie’s population is currently 80,649, up from 49,560 ten years ago
Gallery
Contact for more info
Duncan MacLean
Duncan co-leads the CBRE National Investment Team in Calgary alongside his partner, Richie Bhamra.
Duncan MacLean
Richie Bhamra
Richie co-leads the CBRE National Investment Team in Calgary alongside his partner, Duncan MacLean.
Richie Bhamra
Geoff Mar
Geoff started his commercial real estate career in 1993. He’s a Senior Vice President with the CBRE National Investment Team in Calgary and has been a vital member since the Team’s inception.
Geoff Mar
Drew Redekopp
Drew is a Sales Associate with the CBRE National Investment Team-Calgary and joined the Team in 2016. He has over 10 years of commercial real estate experience.