3955 Johnston Rd - Convenience Store FOR SALE


Port Alberni, BC V9Y 5N4
$2,150,000 CAD
604-398-4341
3955 Johnston Rd, Port Alberni, BC for Sale
$2,150,000 CAD
Convenience Store - FOR SALE
1/7
null | 6.05% Cap Rate

3955 Johnston Rd
Port Alberni, BC V9Y 5N4


HIGHLIGHTS

  • Occupied by Circle K, a wholly-owned subsidiary of Alimentation Couche-Tard Inc. (TSX: ATD), one of the world's largest convenience and fuel retailers
  • Current term running through April 2033 with annual rental escalations baked into the contract, plus four further five-year renewal options.
  • Dual access points at the signalized intersection of Johnston Road (15,500 VPD) and Tebo Avenue, Port Alberni's primary commercial corridor.
  • On-site drive-thru ATM differentiates the offering within the convenience retail sector and contributes directly to customer stickiness.
  • Port Alberni is the last major commercial stop for travellers heading to Tofino, Ucluelet, Pacific Rim National Park, and Sproat Lake.
  • Esso-branded gas bar with all fuel infrastructure owned and operated by the Tenant at their sole cost and expense.

OVERVIEW

The Vendor has exclusively retained Marcus & Millichap to offer for sale its 100% freehold interest in 3955 Johnston Road, Port Alberni, British Columbia (the "Subject Property"). The Subject Property is a single-tenant, absolute triple-net leased convenience retail and fuel asset occupied by Circle K (Alimentation Couche-Tard Inc.), with annual rental escalations through the current term expiring April 2033 and four further five-year renewal options. Positioned on a signalized corner along (Highway 4) Johnston Road (15,500 VPD), the city's primary commercial corridor and the gateway to Vancouver Island's west coast, the offering delivers stable, passive income backed by an institutional-grade covenant, complemented by an integrated fuel operation and drive-thru component.

FOR SALE DETAILS

PRICE

$2,150,000 CAD

PRICE/SF

$709 CAD /SF

CAP RATE

6.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,839 SF

ZONING

C4

APN/PARCEL ID

025-474-154

ASK ABOUT THIS PROPERTY

Joe GenestMarcus & MillichapMore Info
604-398-4341

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Joe GenestMarcus & MillichapMore Info
604-398-4341

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