9704 112th St - Retail FOR SALE
Fort St John, BC V1J 7C7 |
$2,380,000 CAD
604-398-4341
9704 112th St
Fort St John, BC V1J 7C7
HIGHLIGHTS
- Completely carefree 20-year NNN lease with term until August 2036 and contractual rental escalations every five years.
- Ability to assume attractive in-place debt available at an interest rate of 4.39%
- The tenant is responsible for all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.
- Strong performing location
- Benefits from its prime exposure along the Alaska Highway (Highway 97), the arterial route servicing Fort St. John and its connecting and nearby towns
- The TDL Group Corp. is the licensing company for Tim Hortons, Canada's largest purveyor of coffee and baked goods with over 3,530 locations across CAN
OVERVIEW
Marcus & Millichap REIS Canada Inc. is pleased to present for sale an opportunity to acquire a stand-alone Tim Hortons drive-thru located at 9704 112 Street, Fort St. John, B.C. (the "Subject Property"). The Subject Property represents a stable, income-producing asset operating on a carefree NNN lease secured by a corporate covenant, The TDL Group Corp.
FOR SALE DETAILS
PRICE
$2,380,000 CAD
PRICE/SF
$2,356 CAD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2013
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.47 AC
LAND SF
20,473 SF
ZONING
-
APN/PARCEL ID
-
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604-398-4341
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604-398-4341
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