Country Hills Commercial Real Estate
Country Hills is one of NE Calgary's most established and high-growth suburban commercial nodes. Country Hills Boulevard supports a dense commercial corridor of grocery-anchored strip plazas, restaurants, medical offices and professional services. Country Hills Town Centre is the anchor retail destination serving a rapidly expanding NE Calgary population.
Country Hills — Market Overview
Country Hills is one of NE Calgary's most mature and commercially vibrant suburban communities. Located along Country Hills Boulevard — NE Calgary's primary commercial spine — the area hosts a dense concentration of grocery-anchored retail, restaurants, medical offices and professional services serving a large and growing residential population.
Country Hills Town Centre anchors the commercial area, with major grocery and national retail tenants drawing customers from Country Hills and surrounding NE Calgary communities including Panorama Hills, Coventry Hills and Harvest Hills. The trade area encompasses some of Calgary's fastest-growing residential communities.
Commercial investment opportunities in Country Hills include grocery-anchored strip plaza acquisition, medical office buildings, purpose-built multifamily rental, and development sites for new retail and mixed-use product. Cap rates for well-located grocery-anchored retail range from 5.5–6.5%, reflecting the stability and depth of the NE Calgary suburban retail market.
Country Hills Cap Rates & Market Data (2025)
| Asset Class | Location | Cap Rate | Notes |
|---|---|---|---|
| Retail — Grocery-Anchored Strip | Country Hills Blvd | 5.5–6.5% | Grocery, pharmacy anchor tenants |
| Retail — Strip Plaza (Non-Anchored) | Country Hills Node | 6.0–7.0% | Service retail, restaurant |
| Net Lease — National Tenant | Country Hills Blvd | 5.0–6.0% | QSR, pharmacy, financial |
| Office — Medical / Professional | Country Hills Blvd | 6.0–7.5% | Strata medical, suburban office |
| Multifamily — Purpose-Built Rental | Country Hills | 4.5–5.5% | Newer stock, family-oriented |
Calgary 2025 mill rate: $17.18 non-residential. Retail cap rates 5–7%. Multifamily cap rates 4.5–5.5%. No provincial income tax or sales tax in Alberta.
Why Investors Choose Country Hills
Grocery-anchored retail is the most stable commercial investment in suburban Calgary. Food and pharmacy tenants maintain occupancy through recessions and market cycles. Country Hills has multiple well-located grocery-anchored centres offering stable, long-term income.
NE Calgary population growth is structural. Country Hills sits at the heart of one of Alberta's fastest-growing suburban markets. Growing population drives demand for retail, medical and rental housing continuously.
Medical office demand is deep and growing. NE Calgary's rapidly growing and demographically young population generates strong demand for medical clinics, dental offices and health services that suburban office buildings accommodate.
Purpose-built rental is in high demand. Newcomers to Calgary — a major driver of NE growth — prefer renting before buying. Purpose-built rental in Country Hills targets this demographic with strong lease-up and low vacancy.
Country Hills — Frequently Asked Questions
What commercial real estate is available in Country Hills Calgary?
What are retail cap rates in Country Hills?
What are multifamily cap rates in Country Hills?
Is there medical office available in Country Hills?
How do I buy or lease commercial space in Country Hills?
Looking at Country Hills?
Our NE Calgary advisors cover Country Hills Boulevard retail, medical office, grocery-anchored investment and purpose-built multifamily.
Talk to a Broker