Candle Lake, Saskatchewan — Highway Submarket
Hwy 265 Commercial Candle Lake Gateway
Fuel, QSR, building supply and Prince Albert corridor commercial on the gateway to Candle Lake resort.
$10–17Net Rent /sf
7.0–9.0%Cap Rate
6–12%Vacancy
Prince AlbertGateway Corridor
Submarket Nodes
Hwy 265 Commercial — Key Areas
Fuel & QSR
Highway Commercial
Fuel stations, quick-service restaurants and convenience retail serving Hwy 265 through-traffic, cottage-bound travellers and year-round locals.
$11–17Net Rent /sf
7.0–8.5%Cap Rate
6–12%Vacancy
Building Supply & Hardware
Building Supply
Lumber, hardware and home improvement supply serving the active Candle Lake cottage construction and renovation market. Sustained demand from resort community growth.
$10–15Net Rent /sf
7.0–9.0%Cap Rate
6–10%Vacancy
PA Corridor Gateway
Corridor Commercial
Mixed commercial serving the Prince Albert–Candle Lake corridor. Regional distribution, agri-supply and services catering to the resort and surrounding rural communities.
$10–15Net Rent /sf
7.5–9.0%Cap Rate
6–12%Vacancy
$10–17
Net Rent /sf
7.0–9.0%
Cap Rate Range
6–12%
Vacancy
~50 km
To Prince Albert
Hwy 265 Commercial — Market Overview 2025
Hwy 265 connects Candle Lake to Prince Albert, acting as the primary commercial gateway for the resort community. Fuel, QSR and convenience operators capture inbound cottage traffic, while building supply businesses service the active resort construction market.
The corridor benefits from growing Candle Lake cottage demand and year-round traffic. Low land costs relative to Prince Albert and stable resort-market demand make Hwy 265 commercial attractive for highway-oriented operators.
| Property Type | Lease Rate | Cap Rate | Vacancy |
|---|---|---|---|
| Fuel / Convenience | $11–17/sf net | 7.0–8.5% | 6–12% |
| QSR Pad | $11–17/sf net | 7.0–8.5% | 6–12% |
| Building Supply | $10–15/sf net | 7.0–9.0% | 6–10% |
| Corridor Mixed Commercial | $10–15/sf net | 7.5–9.0% | 6–12% |
FAQ
Frequently Asked Questions — Hwy 265 Commercial
What commercial uses are on Hwy 265 at Candle Lake?
Fuel, QSR, building supply, hardware and corridor mixed commercial serving cottage-bound travellers and the Prince Albert regional corridor.
What are cap rates on Hwy 265 Candle Lake?
Cap rates on Hwy 265 range from 7.0–9.0%, reflecting highway commercial demand from resort and corridor traffic.
How does cottage growth affect Hwy 265 commercial?
Active cottage construction and renovation at Candle Lake drives demand for building supply and hardware on Hwy 265.
What is the distance from Prince Albert to Candle Lake?
Candle Lake is approximately 50 km northeast of Prince Albert via Hwy 265, making it an accessible resort destination with strong feeder market demand.
Are there QSR franchise opportunities on Hwy 265?
Hwy 265 at Candle Lake supports QSR pad and drive-through concepts serving resort-bound and return traffic. Our brokers can advise on current site availability.
Explore Hwy 265 Commercial Listings
Fuel, QSR, building supply or corridor investment — our team covers Candle Lake and all Saskatchewan highway commercial markets.