418 Yellowhead Hwy - Drug Store FOR SALE


Burns Lake, BC V0J 1E0
$1,859,000 CAD
604-628-4331
418 Yellowhead Hwy, Burns Lake, BC for Sale
$1,859,000 CAD
Drug Store - FOR SALE
1/4
null | 7.07% Cap Rate

418 Yellowhead Hwy
Burns Lake, BC V0J 1E0


HIGHLIGHTS

  • Fully leased portfolio with national pharmacy anchors
  • 91.4% of base rent secured by Rexall, IDA, and Shoppers
  • Strong WALT of 5.14 years across all assets
  • Located in high-visibility downtown commercial districts
  • Limited local competition in underserved secondary markets
  • Recent renovations and ongoing maintenance completed

OVERVIEW

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to present the opportunity to purchase a 100% freehold interest in a Portfolio of three (3) pharmacy-anchored retail assets across British Columbia and Alberta (the “Portfolio”). The Portfolio is anchored by a roster of Canada’s largest pharmacy operators including Rexall, Rx Drug Mart I.D.A. (Neighbourly Pharmacy), and Shoppers Drug Mart, encompassing 91.4% of Portfolio base rent and a pharmacy weighted average lease term of 5.5 years. This necessitybased Portfolio is located in the stable secondary markets of Port Hardy, Burns Lake, and Westlock, with limited pharmacy competition in the immediate area and excellent exposure in each respective markets commercial core. The Vendor will assess offers on a Portfolio basis or as individual assets.

FOR SALE DETAILS

PRICE

$1,859,000 CAD

PRICE/SF

$177 CAD /SF

CAP RATE

7.07%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,480 SF

ZONING

C1

APN/PARCEL ID

012979015,012979287,012979317,012979350,012979376,012979384,012979392,012979422

ASK ABOUT THIS PROPERTY

604-628-4331

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604-628-4331

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