232 Bridge St - Retail FOR SALE


Princeton, BC V0X 2W0
$2,570,000 CAD
778-720-2629
232 Bridge St, Princeton, BC for Sale
$2,570,000 CAD
Retail - FOR SALE
1/9
null | 6.5% Cap Rate

232 Bridge St
Princeton, BC V0X 2W0


HIGHLIGHTS

  • Anchored by Shoppers Drug Mart, Canada’s largest pharmacy retailer, under a five-year triple-net lease running through September 30, 2030.
  • Close to $1 million in capital expenditures over the past five years, including work related to HVAC, roof, foundation, and a 700 SF subgrade storage.
  • The Subject Property is positioned on a prominent retail block along Bridge Street, which comprises the primary commercial node for Princeton.
  • Princeton location featuring excellent visibility, ample surface parking.

OVERVIEW

We are pleased to present the opportunity to acquire 232 Bridge Street, Princeton, B.C. (the “Subject Property”). The Subject Property is anchored by Shoppers Drug Mart under a triple-net lease structure, offering secure and predictable income backed by a strong corporate covenant. Shoppers has operated at this location since 2009 and has recently exercised a five-year renewal, underscoring their long-term commitment to this site as a key location within the community.

FOR SALE DETAILS

PRICE

$2,570,000 CAD

PRICE/SF

$327 CAD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

-

APN/PARCEL ID

024-644-021

ASK ABOUT THIS PROPERTY

Curtis LeonhardtMarcus & MillichapMore Info
778-720-2629

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Curtis LeonhardtMarcus & MillichapMore Info
778-720-2629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.