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Assiniboia, Saskatchewan — Community Submarket

Hwy 2 Commercial Corridor Commercial Real Estate

Auto dealers, QSR, agricultural supply and fuel along Highway 2 — gateway to southwest Saskatchewan.

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$7–10Retail Net Rent /sf
8.0–9.5%Cap Rate
6–10%Vacancy
Hwy 2Primary Access
Submarket Nodes
Hwy 2 Commercial Corridor — Key Areas
Auto & Equipment Row
Auto / Farm Equipment
New and used auto dealerships, farm equipment dealers and parts suppliers clustered along the north Hwy 2 approach.
$7–10Net Rent /sf
8.5–9.5%Cap Rate
5–9%Vacancy
QSR & Fuel Strip
Quick Service / Fuel
Tim Hortons, fast food franchises, gas bars and convenience retail capturing highway traveller traffic.
$12–18Net Rent /sf
6.5–7.5%Cap Rate
4–8%Vacancy
Agri-Supply Nodes
Agricultural Supply
Crop input retailers, Co-op agro, and ranching supply stores serving the southwest Saskatchewan agricultural trade area.
$6–9Net Rent /sf
8.5–9.5%Cap Rate
6–12%Vacancy
$7–10
Retail Net Rent /sf
8.0–9.5%
Cap Rate
6–10%
Vacancy
Hwy 2
Primary Access

Hwy 2 Commercial Corridor — Market Overview 2025

The Hwy 2 commercial corridor in Assiniboia hosts the city's auto dealers, quick-service restaurants, farm equipment suppliers and fuel stations. Highway exposure and high traffic counts from the surrounding ranching and grain trade area make this the preferred location for drive-to retail and pad-site tenants.

Cap rates reflect the risk-adjusted opportunity of Saskatchewan's small-city markets — higher yields than major centres, with demand supported by local business, agriculture, and government tenants. Low land costs and provincial tax competitiveness support stable returns.

Property TypeLease RateCap RateVacancy
Retail Pad Site (NNN)$12–18/sf net6.5–7.5%4–8%
Auto/Farm Equipment$7–10/sf net8.5–9.5%5–9%
Agri-Supply Retail$6–9/sf net8.5–9.5%6–12%
Fuel / Convenience$10–16/sf net7.0–8.0%3–6%

Nearby Saskatchewan Markets

Swift CurrentRegional centre 110 km west on Hwy 1.GravelbourgHeritage town 90 km east.All SaskatchewanCommercial real estate across the province.
FAQ

Frequently Asked Questions — Hwy 2 Commercial Corridor

What highway commercial properties are available near Assiniboia?
The Hwy 2 corridor offers auto dealer lots, QSR pad sites, agri-supply bays and fuel station sites. Bay sizes range from 1,500–20,000+ sf depending on use.
What cap rates apply to Hwy 2 Assiniboia retail?
Cap rates on the Hwy 2 corridor range from 6.5% for NNN QSR pad sites up to 9.5% for single-tenant agri-supply buildings, reflecting covenant strength and lease term.
Who are the typical tenants on the Assiniboia Hwy 2 strip?
Tim Hortons, independent auto dealers, Co-op Agro, farm equipment dealers, fuel chains and general merchandise retailers are common highway commercial tenants.
Is Hwy 2 Assiniboia good for a franchise QSR location?
Yes. Hwy 2 Assiniboia captures both local traffic and highway through-traffic from the broad southwest Saskatchewan trade area. Population thresholds and trade-area analysis support QSR franchises.
What is the land cost for a pad site on Hwy 2 Assiniboia?
Commercial land on the Hwy 2 corridor in Assiniboia is significantly more affordable than larger Saskatchewan centres, with serviced pad sites typically available well below $500,000 depending on configuration.

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