West Cochrane Commercial Commercial Real Estate
Cochrane's primary power centre on Griffin Road and 5 Avenue West. Walmart, Canadian Tire, QSR chains, grocery-anchored retail and medical office serving the city's growing population.
West Cochrane — Market Overview
West Cochrane's Griffin Road and 5 Avenue West corridor is the city's primary power centre, anchored by Walmart and Canadian Tire with grocery-anchored strip centres, QSR chains and medical office. As Cochrane's main commercial spine, the corridor benefits from the city's 35,000+ population and significant through-traffic from the Bow Valley and Highway 1A west corridor.
Retail cap rates of 5.5–6.5% and QSR NNN at 4.75–5.75% are competitive within the Calgary CMA. Cochrane's mill rate of approximately $14.20 per $1,000 provides a cost advantage over Calgary commercial properties.
Cap Rates & Market Data (2025)
| Asset Class | Submarket | Cap Rate | Notes |
|---|---|---|---|
| Retail — Power Centre | Griffin Road / 5 Ave W | 5.5–6.5% | Walmart, Canadian Tire anchored |
| Retail — Grocery Strip | West Cochrane | 5.75–6.5% | Necessity retail, daily needs |
| Net Lease — QSR | West Cochrane Pads | 4.75–5.75% | National NNN, drive-through |
| Medical Office | West Cochrane | 5.75–6.5% | Growing demand, strata |
Why Invest in West Cochrane
Walmart and Canadian Tire anchors in a growth market. Power centre anchors in a consistently growing Calgary suburb provide among the most defensive retail investment profiles available.
Highway 1A through-traffic extends the trade area. Cochrane's position on Highway 1A means commercial properties benefit from traffic flowing to and from Canmore, Banff and rural Bow Valley communities — extending the effective trade area beyond Cochrane's resident population.
Below-Calgary mill rate. Cochrane's approximately $14.20 per $1,000 non-residential mill rate is meaningfully below Calgary, improving NOI for commercial investors.
West Cochrane — Frequently Asked Questions
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Our advisors cover Cochrane power centre retail, QSR net lease and medical office.
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