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Unity, Saskatchewan — Community Submarket

Hwy 14/21 Commercial Corridor Commercial Real Estate

Oil services retail, auto dealers, QSR and agricultural supply at the Hwy 14/21 junction in west Saskatchewan.

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$7–13Retail Net Rent /sf
7.5–9.0%Cap Rate
5–10%Vacancy
Hwy 14/21Highway Junction
Submarket Nodes
Hwy 14/21 Commercial Corridor — Key Areas
Oil Services Retail
Oilfield / Industrial Retail
Oilfield supply retail, safety equipment, PPE, tools and heavy equipment rental serving the west Saskatchewan petroleum industry from highway-accessible locations.
$7–11Net Rent /sf
8.0–9.0%Cap Rate
5–10%Vacancy
Auto Dealers & QSR
Auto / Quick Service
New and used auto dealerships, car rental, Tim Hortons and fast food serving both the local population and highway traffic at the Hwy 14/21 intersection.
$7–14Net Rent /sf
7.5–8.5%Cap Rate
4–9%Vacancy
Agricultural Supply Retail
Agricultural Supply
Co-op Agro, crop input dealers, seed companies and agri-supply retailers serving the grain farming community surrounding Unity.
$6–9Net Rent /sf
8.5–9.0%Cap Rate
5–11%Vacancy
$7–13
Retail Net Rent /sf
7.5–9.0%
Cap Rate
5–10%
Vacancy
Hwy 14/21
Highway Junction

Hwy 14/21 Commercial Corridor — Market Overview 2025

The Hwy 14/21 commercial corridor in Unity is the primary highway commercial node for west Saskatchewan's oil and agricultural community. The intersection of these two major provincial highways creates above-average traffic counts for a town of Unity's size, supporting auto dealers, oil services retail, QSR, agricultural supply and fuel stations.

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
NNN QSR / Fuel Pad$10–16/sf net7.0–8.0%4–8%
Oil Services / Industrial Retail$7–11/sf net8.0–9.0%5–10%
Auto / Equipment$6–10/sf net8.5–9.0%5–10%
Agri-Supply$6–9/sf net8.5–9.0%5–11%

Nearby Saskatchewan Markets

North BattlefordRegional centre 120 km east.LloydminsterOil city 130 km north.All SaskatchewanCommercial real estate across the province.
FAQ

Frequently Asked Questions — Hwy 14/21 Commercial Corridor

What makes the Hwy 14/21 junction commercially significant?
The intersection of Hwy 14 (running east-west) and Hwy 21 (running north-south) creates a regional highway crossroads with above-average traffic counts for west Saskatchewan, supporting a broader range of highway commercial tenants than a single-highway community.
What oilfield supply businesses operate on the Hwy 14/21 corridor?
Oilfield safety supply, PPE retailers, heavy equipment rental, pipe and fitting supply, and energy sector services companies operate on the Unity highway corridor, serving the west Saskatchewan petroleum production zone.
What cap rates apply to Unity Hwy 14/21 commercial property?
Cap rates range from 7.0% for NNN QSR pad sites to 9.0% for agri-supply and oilfield retail buildings, depending on covenant and lease structure.
Is the Unity highway corridor suitable for national franchises?
Yes. The Hwy 14/21 junction's traffic volume and the above-average income base of the oilfield and agricultural community support national QSR, fuel and convenience franchises.
How has oil price volatility affected the Unity highway commercial corridor?
The Hwy 14/21 corridor has diversified demand from both oil services and agricultural supply, reducing single-sector exposure. The agricultural retail component provides stability during oil market downturns.

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