North Battleford — Major Commercial Spine
Territorial Drive / Highway 16 Commercial
North Battleford's primary retail corridor — Walmart and Real Canadian Superstore power centres, national QSR chains, auto dealers, and strip malls serving a 55,000–75,000-person regional trade area.
$16–24Strip Mall Net Rent /sf
6.0–7.0%Power Centre Cap Rate
5.5–6.5%QSR NNN Cap Rate
55–75kRegional Trade Area Pop.
Property Types
Territorial Drive by Property Type
Corridor Nodes
Territorial Drive — Key Commercial Segments
Walmart / Superstore Power Centre
Big-Box Anchored Retail
North Battleford's Walmart and Real Canadian Superstore anchors generate the highest sustained consumer foot traffic in the city. Power centre inline space adjacent to these anchors commands the strongest rents on Territorial Drive and achieves the lowest vacancy rates in the North Battleford retail market.
$16–24/sfPower Centre In-Line
6.0–7.0%Cap Rate
4–7%Vacancy
QSR Drive-Through Strip
Fast Food & Food Service
National QSR brands including Tim Hortons, McDonald's, A&W, Subway, and Dairy Queen occupy drive-through pad sites along Territorial Drive. These NNN-leased properties are among the most liquid and predictable income assets in the North Battleford market, with corporate covenant strength and long initial lease terms.
$24–32/sfQSR NNN Rent
5.5–6.5%Cap Rate
15–20 yrLease Term
Auto Dealer Row — Hwy 16
Automotive Commercial
The Territorial Drive / Highway 16 corridor hosts North Battleford's primary auto dealer row, with franchised new-car dealers serving the Battlefords' regional catchment. Large-lot showrooms, service facilities, and used-vehicle lots are well-established along the corridor's highway frontage.
$10–16/sfAuto Net Rent
Regional DrawMarket Driver
7.0–8.0%Auto Cap Rate
National Chain & Service Retail Strip
Multi-Tenant Strip Retail
Strip malls along Territorial Drive are tenanted by national and regional service retailers including cellular providers, optical chains, personal care, fitness, and financial services. These tenants benefit from the foot traffic generated by big-box anchors and QSR clusters, providing sustained occupancy for multi-tenant strip properties.
$14–22/sfService Strip Rent
6.5–7.5%Cap Rate
5–9%Vacancy
$16–24
Power Centre In-Line /sf
6.0–7.0%
Power Centre Cap Rate
5.5–6.5%
QSR NNN Cap Rate
Hwy 16
Trans-Canada Corridor
Territorial Drive / Hwy 16 — Market Overview 2025
Territorial Drive along Highway 16 is North Battleford's dominant commercial corridor and the primary retail destination for the Battlefords region. The corridor is anchored by Walmart and Real Canadian Superstore, two of the highest-traffic retail formats in the Canadian market, which draw consumers from communities throughout northwestern Saskatchewan. The regional trade area population of 55,000–75,000 supports a density of national brands that is exceptional for a market of North Battleford's primary population size.
For retail investors, Territorial Drive offers access to power-centre anchored strip space at cap rates of 6.0–7.0%, NNN QSR assets at 5.5–6.5%, and service-commercial strip product at 6.5–7.5%. Highway 16 frontage adds a tourism and transient traffic component that complements the local and regional residential catchment.
| Property Type | Net Rent Range | Cap Rate Range | Vacancy | Key Tenants |
|---|---|---|---|---|
| Power Centre Anchor (Big-Box) | $14–20/sf | 6.0–6.5% | Low | Walmart, Real Canadian Superstore |
| Power Centre In-Line | $16–24/sf | 6.0–7.0% | 4–7% | National chains, pharmacy, services |
| QSR Pad Site (NNN) | $24–32/sf | 5.5–6.5% | Near zero | Tim Hortons, McDonald's, A&W |
| Service Commercial Strip | $14–22/sf | 6.5–7.5% | 5–9% | Cellular, optical, fitness, finance |
| Auto Commercial | $10–16/sf | 7.0–8.0% | 5–10% | Franchised dealers, service bays |
FAQ — Territorial Drive / Hwy 16 North Battleford
Frequently Asked Questions
What anchors the Territorial Drive commercial corridor in North Battleford?
Territorial Drive is anchored by Walmart and Real Canadian Superstore, which together generate the highest sustained foot traffic in the North Battleford market. Adjacent power centre retail includes national chains, QSR brands, auto dealers, and service commercial, creating a self-reinforcing regional retail destination along Highway 16.
What are retail cap rates on Territorial Drive North Battleford?
Territorial Drive retail cap rates range from 6.0–7.0% for grocery-anchored and big-box adjacent strip mall space. QSR pad sites with NNN corporate leases trade at 5.5–6.5%. Power centre anchors themselves trade at 6.0–6.5% given their long lease terms and corporate covenants. Service commercial strip properties trade at 6.5–7.5%.
How large is the North Battleford regional trade area?
North Battleford's retail trade area encompasses a population of 55,000–75,000 people, drawing from communities across the Battlefords region including the Town of Battleford, Cut Knife, and First Nations communities throughout the region. The city functions as the primary retail hub for a wide swathe of northwestern Saskatchewan, supporting a density of national brands uncommon for a market of its primary population size.
Are auto dealers located on Territorial Drive?
Yes. Territorial Drive and the adjacent Highway 16 corridor host North Battleford's primary auto row, with franchised new-car dealers and used-vehicle lots. The regional catchment supports strong vehicle sales volumes, and automotive commercial properties along the corridor include large-lot showrooms, service facilities, and parts operations.
What QSR and food service options are on Territorial Drive?
Territorial Drive has the highest concentration of QSR brands in North Battleford, including Tim Hortons, McDonald's, Subway, A&W, Dairy Queen, and others. NNN-leased QSR pad buildings adjacent to the Walmart and Superstore anchors are among the most sought-after small-format investment assets in the market, with cap rates of 5.5–6.5% reflecting their corporate covenant and lease security.
Find Commercial Space on Territorial Drive, North Battleford
Power centre in-line, QSR pad, auto commercial or strip retail — our brokers cover every vacancy on North Battleford's primary commercial corridor.