Pembina Crossing

Shopping Center for Sale
Catylist Listing ID: 30819787
Property Subtypes: Grocery-Anchored, Mixed Use, Power Center
Building Size (RSF): 280,981 SF
Gross Land Area: 17 Acres
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Investment
Building Name: Pembina Crossing
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/23/2022

Overview / Comments

Prime Mixed-Use Asset at High Exposure Intersection

Shindico Realty Inc. is pleased to exclusively offer for sale a 100% freehold interest in Pembina Crossing, a mixed-use development located at 1910 Pembina Highway in Winnipeg, Manitoba.

Pembina Crossing is a fully leased 280,981 sq. ft. centre which has undergone several recent upgrades and expansions, including a full exterior renovation with upgrades to the facade and roof, two new pad sites and a 51,357 sq. ft. medical office building for the Winnipeg Regional Health Authority’s ACCESS Fort Garry.

Prominently located at the southeast corner of Pembina Highway and Bishop Grandin Boulevard with over 121,000 vehicles per day, the property is uniquely situated to provide easy access to the surrounding vibrant and growing communities of South Winnipeg.
The property has frontage on Pembina Highway, Bishop Grandin Boulevard and Plaza Drive. A signalized intersection at Pembina Highway and Plaza Drive provides excellent access to the property. There are six points of access and egress in total.

The surrounding neighbourhood includes numerous multi-family developments along Pembina Highway and several growing communities to the south including Fort Garry, Waverley Heights, St. Vital, Fort Richmond, Waverley West and St. Norbert.

Two kilometres south is the University of Manitoba campus (35,000+ students and staff) and IG Field, home of the Winnipeg Blue Bombers. University of Manitoba expansion plans include development for additional student housing and other future University growth.

Interested parties will be required to execute and submit a Confidentiality Agreement prior to receiving detailed information about the Property. Offers will be reviewed upon receipt. For more information, please contact us at pembinacrossing@shindico.com.

Please Note: the quoted the sale price is not the actual sale price. The actual sale price is to be determined.

Current Tenants

Tenant Business Name Save On Foods
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Shapes Fitness
Industry Type Arts, Entertainment, and Recreation
Is Renting? Yes
Tenant Business Name Petland
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Best Buy
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Staples
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Idol Asian Cuisine
Industry Type Accommodation and Food Services
Is Renting? Yes
Tenant Business Name Pizza Hut
Industry Type Accommodation and Food Services
Is Renting? Yes
Tenant Business Name Subway
Industry Type Accommodation and Food Services
Is Renting? Yes
Tenant Business Name Dollarama
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Toys R Us
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Access Fort Garry
Industry Type Health Care and Social Assistance
Is Renting? Yes
Tenant Business Name Westoba Credit Union
Industry Type Finance and Insurance
Is Renting? Yes
Tenant Business Name Westland Insurance
Industry Type Finance and Insurance
Is Renting? Yes
Tenant Business Name Crest Eye Care
Industry Type Health Care and Social Assistance
Is Renting? Yes
Tenant Business Name Modern Man Barbershop
Industry Type Retail Trade
Is Renting? Yes
Tenant Business Name Dental Clinic
Industry Type Health Care and Social Assistance
Is Renting? Yes
Tenant Business Name Dairy Queen
Industry Type Accommodation and Food Services
Is Renting? Yes
Tenant Business Name Astro Medical
Industry Type Health Care and Social Assistance
Is Renting? Yes

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 03054009100
Zoning: C3 - COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Plaza Drive and Bishop Grandin Boulevard
Property Visibility: Excellent
Largest Nearby Street: Pembina Highway
Total Number of Buildings: 5
Number of Stories: 1
Property Condition: Excellent
Year Built: 1978
Year Renovated: 2022
Total Parking Spaces: 1,103

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Contact

Photograph of Listing Agent

Sandy G. Shindleman

Shindico Realty Inc. CPIX® Member
Photograph of Listing Agent

Michael Stronger

Shindico Realty - Michael Stronger
CPIX® Member
Photograph of Listing Agent

Dino Alevizos Personal Real Estate Corporation

Shindico Realty Inc. CPIX® Member
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