505 1 Ave W - Auto Repair FOR SALE


Assiniboia, SK S0H 0B0
$1,440,000 CAD
604-675-5216
505 1 Ave W, Assiniboia, SK for Sale
$1,440,000 CAD
Auto Repair - FOR SALE
1/6
null | 7.01% Cap Rate

505 1 Ave W
Assiniboia, SK S0H 0B0


HIGHLIGHTS

  • 100% Leased to Kal Tire Ltd., a corporate tenant responsible for all operating costs, including utilities and day to day management.
  • Improved with a 6,600 SF Kal Tire facility and a 4,000 SF truck repair building (subleased by Kal Tire to JHS Semi Repair)
  • The 2.3-acre site offers operational flexibility and additional service capacity.
  • Well positioned in Assiniboia, a regional service centre for Southern Saskatchewan’s grain belt, benefiting from CP Rail freight operations.
  • Supported by agriculture, transportation, and light industry, Assiniboia offers a stable economic base with higher-than-average household incomes.
  • Low operating costs and municipal incentives for light industrial and logistics uses enhance tenant retention and long-term asset stability.

OVERVIEW

Marcus & Millichap's Western Canada NNN Group is pleased to present the opportunity to acquire 505 1 Avenue W, Assiniboia, Saskatchewan (the "Subject Property"). The Subject Property is a single-tenant automotive and truck service facility leased to Kal Tire Ltd., Canada’s largest independent tire dealer. Situated on a 2.3-acre site with a total building area of 10,600 square feet, the property benefits from a long-term, landlord-favourable net lease. The offering provides investors with stable cash flow from a tenant that is secured by a strong corporate covenant.

FOR SALE DETAILS

PRICE

$1,440,000 CAD

PRICE/SF

$136 CAD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kal Tire Ltd.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

C2

APN/PARCEL ID

135626711

ASK ABOUT THIS PROPERTY

Armaan SohiMarcus & MillichapMore Info
604-675-5216

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Armaan SohiMarcus & MillichapMore Info
604-675-5216

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