Starbucks and A&W Retail FOR SALE


Kelowna, BC
$6,180,000 CAD
604-638-1999
, Kelowna, BC for Sale
$6,180,000 CAD
Retail - FOR SALE
1/7
null | 3.91% Cap Rate

Starbucks and A&W
Kelowna, BC


HIGHLIGHTS

  • Both Starbucks and A&W are operating under carefree, triplenet (NNN) leases, offering investors stable, passive income with minimal landlord duties.
  • Current rents are significantly below market, representing material income upside in the near to medium term.
  • High-profile corner location in central Kelowna with direct frontage along Highway 97; one of B.C.’s busiest corridors, seeing over 61,600 VPD.
  • 11.5% site coverage with two standalone QSR buildings, each with seperate drive thrus—an exceptionally rare offering in hightraffic urban corridors.

OVERVIEW

Marcus & Millichap’s Western Canada NNN Group is pleased to present a triple net (NNN) investment opportunity located at 2703 Highway 97 N, Kelowna, B.C. Located on a signalized corner with direct frontage on Highway 97—the main north–south route to the Northern Okanagan—the site offers excellent visibility and access. Anchored by national tenants Starbucks Coffee Canada Inc. and A&W Food Services of Canada Inc., the property features two drive-thrus and exposure to over 61,600 vehicles per day (VPD). The NNN lease structure and strong corporate covenants provide minimal landlord responsibilities, stable cash flow, and long-term value in a high-traffic highway location.

ASK ABOUT THIS PROPERTY

Curtis LeonhardtMarcus & MillichapMore Info
604-638-1999

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Curtis LeonhardtMarcus & MillichapMore Info
604-638-1999

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