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232 Bridge St 7,858 SF 100% Leased Retail Building Princeton, BC V0X 2W0 $1,841,080 USD ($234.29 USD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Anchored by Shoppers Drug Mart, Canada’s largest pharmacy retailer, under a five-year triple-net lease running through September 30, 2030.
- The Subject Property is positioned on a prominent retail block along Bridge Street, which comprises the primary commercial node for Princeton.
- Close to $1 million in capital expenditures over the past five years, including work related to HVAC, roof, foundation, and a 700 SF subgrade storage.
- Princeton location featuring excellent visibility, ample surface parking.
EXECUTIVE SUMMARY
We are pleased to present the opportunity to acquire 232 Bridge Street, Princeton, B.C. (the “Subject Property”). The Subject Property is anchored by Shoppers Drug Mart under a triple-net lease structure, offering secure and predictable income backed by a strong corporate covenant. Shoppers has operated at this location since 2009 and has recently exercised a five-year renewal, underscoring their long-term commitment to this site as a key location within the community.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
7,858 SF
Building Class
C
Year Built
1956
Price
$1,841,080 USD
Price Per SF
$234.29 USD
Cap Rate
6.50%
NOI
$119,670 USD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.38
Lot Size
0.47 AC
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232 Bridge St
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