38925 Production Way - Auto Repair FOR SALE
Squamish, BC V8B 0K4 |
$3,120,000 CAD
604-630-0215
38925 Production Way
Squamish, BC V8B 0K4
HIGHLIGHTS
- Leased to Kal Tire Ltd., the tenant operates under a net lease covering operating costs,utilities, and taxes.
- Located in Squamish Business Park with direct access to Highway 99, the main route between Vancouver and Whistler.
- One of few national chains along Highway 99 between Whistler and West Vancouver, creating limited competition and strong demand from highway traffic.
- Highway 99 is a “Winter Tire Zone” from October 1 to March 31, creating two predictable seasonal peaks for tire-related services.
- Squamish population up nearly 20% since 2019 with another 14% projected by 2029, supported by high average household income of $157,215.
- Property includes a 828 SF residential unit, generating additional rental income.
OVERVIEW
Marcus & Millichap's Western Canada NNN Group is pleased to present for sale 38925 Production Way, Squamish, BC. The property is a automotive service facility leased on a net lease to Kal Tire Ltd., one of Canada’s largest independent tire dealers, providing secure income backed by a strong corporate covenant. The site is strategically located in Squamish Business Park just off Highway 99, benefiting from high traffic volumes between Vancouver and Whistler.
FOR SALE DETAILS
PRICE
$3,120,000 CAD
PRICE/SF
$369 CAD /SF
CAP RATE
5.32%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kal Tire
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
0.54 AC
LAND SF
23,522 SF
ZONING
I-11
APN/PARCEL ID
007004168
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604-630-0215
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604-630-0215
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