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Connect Centre 10308 103 St NW 113,776 sq ft 100% Let 5-Star Retail Property Edmonton, AB T5J 0Y9 For Sale
INVESTMENT HIGHLIGHTS
- Unique densification opportunity
- Unrivalled Connectivity and Pedestrian Traffic
- Centrally located in a high-growth node
- Prime Centre-Ice location in ICE district
EXECUTIVE SUMMARY
Connect Centre is a rare opportunity for investors to acquire a 113,776 square foot grocery-anchored retail podium. Featuring an incomparable tenancy profile, strong local and national tenants include: Loblaws, CIBC, National Bank, Edmonton Oilers, Real Canadian Liquorstore, and The Canadian Brewhouse. The Property features a diverse cash flow profile secured by strong covenant tenants that average a weighted lease term of 12 years, with contractual rental escalations. Loblaws accounts for 18% of revenues, while CIBC and National Bank represent each 29% and 11%, assuring a future owner of secure and long-term income security backed by investment grade tenants. The balance of the tenancy profile includes the corporately owned The Canadian Brewhouse (27%), Edmonton Oilers (12%), and Plantlife Cannabis (3%).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront
Property Size
113,776 sq ft
Costar Property Class
A
LoopNet Rating
5 Star
Year Built
2022
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.23
Total Plot Size
2.13 ac
Use Class
AED - Arena and Entertainment Zone
Walk Score®
Excellent pedestrian access (98)
Transit Score®
Excellent Public Transport (87)
Bike Score®
Ideal For Cyclists (92)
NEARBY MAJOR RETAILERS
CONTACTS
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Cory Wosnack -
Reed Newnham -
James Robertson -
Mark Sinnett -
Jacob McIntyre -
Avison Young
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Connect Centre | 10308 103 St NW
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