- Property size 15,395 ft2
For Sale: 307-311 Old Airport Road, Yellowknife - retail for sale
JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in a two-building shopping plaza, shadow anchored by Walmart and other national retailers at 307 - 311 Old Airport Road, Yellowknife, Northwest Territories. The centre is situated on a 1.82 acre site with a gross leasable area of 15,395 SF, and is currently 100% leased to national tenants Mark’s Work Wearhouse and Tim Hortons with a weighted average lease term of 8.15 years.
The centre is located on Old Airport Road, one of Yellowknife’s main arterial thoroughfares which connects central Yellowknife to the Yellowknife Highway and Yellowknife Airport. The centre benefits from having excellent visibility in a high-traffic retail node, with access from Ward Crescent, Butler Road, and Old Airport Road. The Property is also in close proximity to the Stanton Territorial Hospital, and the city’s multiplex arena.
The site offers an excellent location, with the only Mark’s Work Wearhouse and one of two Tim Hortons locations in Yellowknife.
- The Property benefits from being one of Yellowknife’s busiest retail centres due to its strong national tenants and shadow anchor, Walmart.
- Located less than 300 metres from the Stanton Territorial Hospital, less than 1 kilometre from the city’s multiplex arena, and being adjacent to residential communities, the centre benefits not only from destination shoppers, but also from those living nearby.
- The leases are secured by two of Canada’s strongest covenants, Canadian Tire and Tim Hortons, with a remaining weighted average lease term of 8.15 years.
- High replacement costs in Yellowknife support the long term viability of the centre