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Sherwood Park — Main Retail Artery · Sherwood Park Mall · QSR · Auto Dealerships

Baseline Road Corridor Sherwood Park Commercial Real Estate

Sherwood Park's highest-traffic commercial artery. Sherwood Park Mall, national retailers, QSR chains, auto dealerships and medical office serving 80,000 residents east of Edmonton.

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5.25–6.25%Retail Cap Rate
4.75–5.75%QSR NNN Cap Rate
~$18.50Mill Rate (per $1,000)
~80,000City Population
Property Types
What's Available on Baseline Road
Retail
Power centre · Big-box
Sherwood Park Mall · National chains · Strip
View Retail Listings →
Medical Office
Medical · Professional
Baseline corridor · High traffic
View Office Listings →
Net Lease / QSR
Drive-through pads
National QSR · Auto services · Financial
View Net Lease →
Retail
Cap rate 5.25–6.25%
Power centre · Strip mall
View Retail for Sale →
Medical Office
Owner-user / investment
Strata · Purpose-built
View Office for Sale →
Baseline Road Submarkets
Key Nodes Along Sherwood Park's Main Retail Corridor
Sherwood Park Mall
Enclosed Mall · National Retail
Retail
Sherwood Park's enclosed regional shopping centre anchoring the Baseline Road corridor. National retailers, food court and entertainment-anchored mall drawing traffic from across Strathcona County. Prime inline and food court leasing opportunities.
Regional MallPrimary Anchor
NationalTenants
Auto Row — Dealerships
Vehicle Sales · Service · Parts
Retail
Sherwood Park Ford and multiple auto dealerships along Baseline Road form one of the Edmonton metro's most concentrated auto corridors. High-value real estate with long-term tenancy and strong service revenue.
Auto RowDealership Cluster
Long-TermTenancy
National Retailers & Power Centre
Big-Box · Grocery · QSR
RetailOffice
National and regional retail chains, grocery anchors, big-box stores and QSR pads line Baseline Road. Highest vehicle count commercial corridor in Sherwood Park serving both local and regional shoppers.
5.25–6.25%Retail Cap Rate
High TrafficArterial
Medical & Professional Office
Medical · Dental · Allied Health
Office
Professional and medical office buildings adjacent to Baseline Road. Strong healthcare tenant demand driven by Sherwood Park's 80,000+ population and the corridor's high daytime traffic count.
ProfessionalOffice Market
HealthcareDemand
QSR & Drive-Through Pads
National Covenants · NNN
Retail
Freestanding QSR and coffee drive-through pads fronting Baseline Road and adjacent intersections. National covenants with NNN lease structures. Among the most liquid single-tenant assets in the Sherwood Park market.
4.75–5.75%NNN Cap Rate
NationalCovenant
Neighbourhood Strip Centres
Service Retail · Personal Services
Retail
Grocery-anchored and service commercial strip centres along Baseline Road. Personal services, pharmacy, financial, fitness and food tenants serving the daily needs of Strathcona County residents. Stable necessity-driven income profile.
5.5–6.25%Strip Retail Cap
NecessityRetail Profile
5.25–6.25%
Retail Cap Rate
4.75–5.75%
QSR NNN Cap Rate
~$18.50
Mill Rate per $1,000
0%
Provincial Income Tax

Baseline Road Corridor — Market Overview

Baseline Road is Sherwood Park's primary commercial artery, running east-west through the heart of the community and hosting the region's highest vehicle counts and most concentrated retail mix. Sherwood Park Mall, auto dealerships, power centre retail, QSR chains and medical office all compete for space along this corridor.

Strathcona County's competitive mill rate of approximately $18.50 and strong residential base of 80,000+ make Baseline Road commercial one of the most stable retail investment markets in the Edmonton CMA. Cap rates of 5.25–6.25% reflect the corridor's dominant position and consistent shopper demand.

Cap Rates & Market Data (2025)

Asset ClassSubmarketCap RateNotes
Retail — Power Centre / Mall-AdjacentBaseline Road5.25–6.0%National and regional tenants
Retail — Strip CentreBaseline Corridor5.5–6.25%Grocery-anchored, daily needs
Net Lease — QSR / Drive-ThroughBaseline Intersections4.75–5.75%National NNN, long-term leases
Auto DealershipSherwood Park Auto Row5.0–5.75%Long-term tenancy, service revenue
Medical OfficeBaseline Adjacent5.75–6.5%Owner-user and leased product

Why Invest on Baseline Road

Highest traffic in Sherwood Park. Baseline Road consistently registers the highest vehicle counts in Strathcona County, delivering unmatched retail exposure for commercial properties along the corridor.

Competitive Strathcona County mill rate. At approximately $18.50 per $1,000, Strathcona County's non-residential mill rate is among the lowest in the Edmonton CMA, improving net operating income for commercial property owners.

Auto Row is defensive. Auto dealerships provide long-term, stable tenancy with high-value real estate. Sherwood Park's Auto Row on Baseline Road is one of the Edmonton area's most established dealer clusters.

Baseline Road Sherwood Park — Frequently Asked Questions

What retail is on Baseline Road in Sherwood Park?
Baseline Road hosts Sherwood Park Mall, auto dealerships, national retailers, grocery anchors, big-box stores, QSR chains and medical and professional office. It is Sherwood Park's most commercially dense corridor.
What are retail cap rates on Baseline Road?
Retail cap rates on Baseline Road range from 5.25–6.25% in 2025. QSR and drive-through NNN pads trade at 4.75–5.75% for national covenants.
What is the mill rate in Strathcona County?
Strathcona County's non-residential mill rate is approximately $18.50 per $1,000 of assessed value in 2025, competitive with other Edmonton metro municipalities.
How do I invest in Baseline Road commercial?
Contact Canada's Home Commercial via our contact form, or call 780-545-5955 for Baseline Road retail, QSR net lease and office opportunities.

Interested in Baseline Road?

Our advisors cover Sherwood Park's main retail corridor — power centres, QSR net lease, auto dealerships and medical office.

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