Pilot Butte / Highway 1 East Commercial Real Estate
The Trans-Canada gateway east of Regina. Pilot Butte and the Highway 1 East corridor serve the agricultural hinterland with highway commercial, industrial logistics, truck services and agricultural equipment dealers. Lower land costs and high through-traffic make this an attractive corridor for logistics and highway-facing commercial investment.
Pilot Butte & Highway 1 East Market Overview
The Pilot Butte and Highway 1 East corridor forms Regina's eastern gateway along the Trans-Canada Highway — one of Canada's highest-traffic national corridors. The zone encompasses the Village of Pilot Butte within the RM of Edenwold, capturing both Regina urban fringe demand and the Saskatchewan agricultural hinterland stretching east toward Weyburn and the Manitoba border.
Highway commercial development has historically clustered around the Highway 1 / Pilot Butte interchange and eastward along the Trans-Canada. The area serves travellers, long-haul truckers, agricultural operators and regional residents who prefer the value proposition of highway-adjacent commercial over higher-rent inner-city locations. Gas stations, QSR pad sites, auto service centres and building supply retailers represent the core commercial mix.
Industrial development in the Pilot Butte area benefits from lower land values than Regina's established inner industrial zones, competitive RM of Edenwold development levies and direct Trans-Canada access for distribution logistics. Tenants include small-to-mid box warehouse, shop-office industrial users, and agricultural services operations requiring outdoor storage and large yard areas.
Cap rates on Highway 1 East highway commercial net-lease assets range from 5.5–7.0% for gas station and QSR pads with national covenants. Industrial assets trade at 6.5–8.5% depending on building age, clear height and lease term. Development land for industrial or highway commercial use is priced at $8–20/sf for serviced sites.
| Asset Type | Lease Rate (Net) | Cap Rate | Notes |
|---|---|---|---|
| Highway Commercial Retail | $14–22/sf | 5.5–7.0% | Strip mall, auto service, building supply |
| QSR / Gas Pad Site | Site-specific | 5.5–6.5% | National covenant; Tim Hortons, Shell, Petro-Canada |
| Industrial / Warehouse | $9–13/sf | 6.5–8.5% | Distribution, shop-office, outdoor storage |
| Agricultural Equipment | Sale-leaseback | 7.0–9.0% | Large-format; commodity-cycle risk |
| Development Land | N/A | N/A | $8–20/sf serviced; industrial & highway commercial |
Pilot Butte / Highway 1 East — Frequently Asked Questions
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Canada's Home Commercial specializes in Regina corridor industrial, highway commercial and agricultural equipment properties. Contact us for current listings.
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