Fully leased 2,880 square foot convenience store to a national tenant on 4.2 acres (sale of land and building only). Currently in the 5th year of a 5 year lease term with Circle K. Tenant has occupied the Property for over 20 years. In place net income generates a 6.33% cap rate on asking price. Renewal net income (starting January 2025) will produce a 7% cap rate on asking price. (id:4069)
| Address |
2988 16 HIGHWAY |
| List Price |
$1,280,000 |
| Property Type |
Retail |
| Area |
British Columbia |
| Sub-Area |
Terrace |
| Floor Area |
2,880 Sq. Ft. |
| Lot Size |
4.32 Sq. Ft. |
| MLS® Number |
C8060030 |
| Listing Brokerage |
Coldwell Banker Horizon Realty
|
| Postal Code |
V8G3T8 |
