FOR SALE

Namao South
Edmonton, AB
Investment Highlights:
  • Dominant Retail Asset in the Submarket:  Shoppers Drug Mart anchor with Save-On-Foods shadow-anchor, and a highly complementary tenant mix driving strong traffic to the centre.
  • Superior Location & Demographics:  Situated within a 150,000 person trade area with strong household income and 1,000 ft of frontage onto a high-traffic corridor.
  • Diversified & Established Tenant Mix:  60.4% of tenants within the Property are national brands/covenants with a weighted average tenure of 10.5 years.
  • Stabilized Profile with Defensible Growth:  92.4% leased with a WALT of 4.2 years and rents that are 2.9% below market.
  • Attractive Assumable Debt:  Accretive assistance debt with 4+ years of term and a coupon rate of 2.26%.
Property Overview
Address:  ​15969 97 St NW, Edmonton, AB
Intersection:  97 Street and 160 Avenue
GLA:  108,011 SF
Site Area:  8.05 acres
Key Tenants:  Shoppers Drug Mart, MIC Medical Imaging, Dollarama, BMO, Subway, Pet Valu, Cobs Bread, Ace Liquor
Leased:  92.4%
WALT​:  4.2 years
Documents
Property Location
Contact us for more information:
Matthew T. Smith*
Executive Vice President
National Retail Investment Group
416-304-6004
Nick Macoritto*
​Executive Vice President
​National Retail Investment Group
416-238-5874
Mark Leshchyshyn*
Sales Associate
​National Retail Investment Group
416-304-6022
Adam D. Kilburn*
Senior Vice President
Capital Markets, Alberta
780-328-2584
Mark Swaenepoel*
Senior Vice President
Capital Markets, Alberta
780-328-2578
Andrew Simpson*
Senior Vice President
Capital Markets, Alberta
780-328-2579
* Sales Representative

Want to stay updated on available retail offerings?