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38925 Production Way
Squamish, BC V8B 0K4
Kal Tire · Retail Property For Sale
Investment Highlights
- Leased to Kal Tire Ltd., the tenant operates under a net lease covering operating costs,utilities, and taxes.
- One of few national chains along Highway 99 between Whistler and West Vancouver, creating limited competition and strong demand from highway traffic.
- Squamish population up nearly 20% since 2019 with another 14% projected by 2029, supported by high average household income of $157,215.
- Located in Squamish Business Park with direct access to Highway 99, the main route between Vancouver and Whistler.
- Highway 99 is a “Winter Tire Zone” from October 1 to March 31, creating two predictable seasonal peaks for tire-related services.
- Property includes a 828 SF residential unit, generating additional rental income.
Executive Summary
Marcus & Millichap's Western Canada NNN Group is pleased to present for sale 38925 Production Way, Squamish, BC. The property is a automotive service facility leased on a net lease to Kal Tire Ltd., one of Canada’s largest independent tire dealers, providing secure income backed by a strong corporate covenant. The site is strategically located in Squamish Business Park just off Highway 99, benefiting from high traffic volumes between Vancouver and Whistler.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,455 SF
Building Class
C
Year Built
2007
Price
$2,281,319 USD
Price Per SF
$269.82 USD
Cap Rate
5.50%
NOI
$125,421 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.54 AC
Zoning
I-11 - Business Park Industrial
Parking
17 Spaces (2.01 Spaces per 1,000 SF Leased)
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