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4912 Athalmer Rd 9.94 Acres of Commercial Land Offered at $9,408,237 USD in Invermere, BC V0A 1K3
Investment Highlights
- Phase One is secured by best-in-class corporate covenant tenants: Shell Canada Limited, McDonald's Restaurants of Canada Ltd., and Lordco Parts Ltd
- Carefree with minimal landlord responsibilities
- Last large-scale development site in the immediate vicinity
- Shell and McDonald's each operate on absolute net, 20-year ground leases, and Lordco operates on a triple-net, 15-year building lease
- Phase Two offers exceptional market positioning for a wide array of development forms and land uses
- Excellent visibility from Athalmer Road, coupled with ease of access and egress from Lakeview Drive
Executive Summary
Nestled between the Rocky and Purcell Mountain ranges, Invermere is in the heart of the Columbia Valley and East Kootenay Regional District. The Offering is the perfect opportunity for a savvy, lifestylefocused entrepreneur to invest in a desirable recreational paradise, benefitting from highly sought-after seasonal destinations, including Windermere Lake, Panorama Ski Resort, world-class golf courses, and an array of outdoor recreation.
Alternatively, the Offering is well-suited for private investors seeking a stable, carefree income stream with development upside or end-users seeking development land with existing rental income in a desirable and growing marketplace. The Offering is a singular 10-acre parcel consisting of two phases with future subdivision potential. The first phase was completed in 2023 and includes three standalone retail pads over approximately three acres, and 100% leased to global and national corporate covenant retailers on long-term, carefree, triple-net (“NNN”) leases. The balance of the Offering (Phase Two) is a seven-acre, fully-serviced commercial development site with attractive permitted land uses, including retail, light industrial, self-storage, and hospitality. Phase Two also features a flexible month-to-month tenancy with CS McLean Contracting Ltd., a well-known local excavation company, providing substantial holding income during development planning.
Alternatively, the Offering is well-suited for private investors seeking a stable, carefree income stream with development upside or end-users seeking development land with existing rental income in a desirable and growing marketplace. The Offering is a singular 10-acre parcel consisting of two phases with future subdivision potential. The first phase was completed in 2023 and includes three standalone retail pads over approximately three acres, and 100% leased to global and national corporate covenant retailers on long-term, carefree, triple-net (“NNN”) leases. The balance of the Offering (Phase Two) is a seven-acre, fully-serviced commercial development site with attractive permitted land uses, including retail, light industrial, self-storage, and hospitality. Phase Two also features a flexible month-to-month tenancy with CS McLean Contracting Ltd., a well-known local excavation company, providing substantial holding income during development planning.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (USD) | Annual Per AC (USD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $9,408,237 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 9.94 AC |
| Property Type | Land | ||
| Zoning | C3 - Regional Commercial | ||
| Price | $9,408,237 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 9.94 AC |
| Zoning | C3 - Regional Commercial |
1 Lot Available
Lot
| Price | $9,408,237 USD | Lot Size | 9.94 AC |
| Price Per AC | $946,502.68 USD |
| Price | $9,408,237 USD |
| Price Per AC | $946,502.68 USD |
| Lot Size | 9.94 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
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4912 Athalmer Rd
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