2275 Cliffe Av - Flex FOR SALE
Courtenay, BC V9N 2L5 |
$1,780,000 CAD
604-675-5257
2275 Cliffe Av
Courtenay, BC V9N 2L5
HIGHLIGHTS
- NNN lease with minimal landlord responsibilities.
- Leased to Midas, a nationally recognized automotive service brand.
- 5,500 SF of yard space is leased to Kal Tire for storage, generating additional rental income.
- Prime exposure along Cliffe Avenue / Highway 19A (10,500 VPD), the main commercial corridor servicing the greater Comox Valley.
- Consistent demand for repair and tire services, despite economic cycles, supporting long-term demand and stability for the tenants.
- Income Upside: Opportunity to renew Midas and Kal Tire at market rates upon lease expiry, increasing income by aligning rents with current market.
FOR SALE DETAILS
PRICE
$1,780,000 CAD
CAP RATE
5.26%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
2275 Cliffe Avenue, Courtenay, B.C.
PROPERTY TYPE
Flex
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1984
UTILITIES
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CLEAR CEILING HT
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DOCKS
-
DRIVE INS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C2 Commercial Two Zone
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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604-675-5257
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604-675-5257
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