601 Sparwood Dr - Retail FOR SALE


Sparwood, BC V0B 2G1
$1,680,000 CAD
604-675-5216
601 Sparwood Dr, Sparwood, BC for Sale
$1,680,000 CAD
Retail - FOR SALE
1/8
null | 6.71% Cap Rate

601 Sparwood Dr
Sparwood, BC V0B 2G1


HIGHLIGHTS

  • 100% leased to Kal Tire Ltd., one of Canada's largest independent tire dealers with over 280 locations nationwide and more than 70 years of operating.
  • Kal Tire is responsible for all operating costs, including property taxes, utilities, and day to day management.
  • Kal Tire has operated at this location for over 23 years, demonstrating the location's strong performance and importance within the company's network.
  • Positioned in Sparwood's primary commercial corridor with direct connectivity to Highway 3, the principal east-west route linking BC's Interior to AB.
  • Sparwood boasts an average household income of $169,452, among the highest in the BC Interior and well above provincial and national averages.
  • Sparwood sits at the centre of the Elk Valley, where Elk Valley Resources, a Glencore company, operates four steelmaking coal mines.

OVERVIEW

Marcus & Millichap's Western Canada NNN Group is pleased to present the opportunity to acquire 601 Sparwood Drive, Sparwood, British Columbia (the "Subject Property"). The Subject Property is a single-tenant automotive and commercial tire service facility leased to Kal Tire Ltd., one of Canada's largest independent tire dealers with over 280 retail and commercial locations nationwide. Situated on a 1.43-acre site in Sparwood's principal commercial corridor, moments from Highway 3 (the Crowsnest Highway), the property sits at the heart of the Elk Valley, one of the world's premier steelmaking coal regions, and benefits from a longstanding tenancy and a landlord-favourable net lease structure.

FOR SALE DETAILS

PRICE

$1,680,000 CAD

PRICE/SF

$198 CAD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kal Tire

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

M1

APN/PARCEL ID

015-814-548

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.