Kal Tire Property Portfolio | Tranche 3 Retail FOR SALE


Lethbridge, AB
$7,190,000 CAD
604-398-4341
, Lethbridge, AB for Sale
$7,190,000 CAD
Retail - FOR SALE
1/8
null | 6.11% Cap Rate

Kal Tire Property Portfolio | Tranche 3
Lethbridge, AB


HIGHLIGHTS

  • Kal Tire is one of Canada’s most recognized automotive brands, operating for over 70 years with more than 280 retail locations nationwide.
  • Carefree, net-leases with corporate covenant and minimal landlord responsibilites.
  • Newly executed leases running to 2031 (Saskatoon), 2036 (Lethbridge) and 2046 (Swift Current and Brandon), producing a WALT of ~14 years.
  • Highway-fronting, high-visibility sites positioned within each market's established automotive and commercial service corridor.
  • Phase I and II Environmental Reports are complete for all properties and will be shared upon execution of a CA.
  • The Vendor will entertain offers as a portfolio sale or individual basis.

OVERVIEW

Marcus & Millichap's Western Canada NNN Group is pleased to present for sale a portfolio of four (4) single-tenant Kal Tire properties strategically located across Western Canada's prairie provinces: Lethbridge, Alberta; Saskatoon and Swift Current, Saskatchewan; and Brandon, Manitoba. Each property is secured by a carefree, net lease with corporate covenant, Kal Tire Ltd., one of Canada's most established automotive service brands. All four locations feature newly executed lease terms commencing August 1, 2026, delivering a weighted average lease expiry of nearly 14 years with no near-term rollover. Backed by 70+ years of operations and a network of 280+ locations nationwide, Kal Tire offers stable, durable income. The Vendor will consider offers on individual assets or as a portfolio.

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.