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Staples 9081 Commercial St 24,765 SF Retail Building Kings, NS B4N 3E6 $3,062,379 USD ($123.66 USD/SF) 8% Cap Rate
Investment Highlights
- Property is 100% leased to an international occupier
- Established retail location with significant commercial enterprises
Executive Summary
Centrally located in New Minas, the retail hub of Nova Scotia’s Annapolis Valley. Well-positioned on the village’s main thoroughfare, the property benefits from excellent visibility, high traffic, and seamless access to Highway 101, connecting it to neighbouring communities.
Surrounded by a strong mix of national and local retailers, restaurants, and services, this established commercial district continues to experience growth, making it a prime location for businesses and a reliable destination for shoppers.
Exceptional investment opportunity in the heart of New Minas’ thriving commercial district. Fully leased 47,006 SF commercial property situated on 3.88 acres. Anchored by a nationally recognized AAA tenant, ensuring stability and reliable income. Lease term extends until February 28, 2034, offering stable income for over a decade. Recently upgraded with a new roof installed in Q2 2024, enhancing property value and longevity.
Surrounded by a strong mix of national and local retailers, restaurants, and services, this established commercial district continues to experience growth, making it a prime location for businesses and a reliable destination for shoppers.
Exceptional investment opportunity in the heart of New Minas’ thriving commercial district. Fully leased 47,006 SF commercial property situated on 3.88 acres. Anchored by a nationally recognized AAA tenant, ensuring stability and reliable income. Lease term extends until February 28, 2034, offering stable income for over a decade. Recently upgraded with a new roof installed in Q2 2024, enhancing property value and longevity.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,765 SF
Building Class
C
Year Built
1990
Price
$3,062,379 USD
Price Per SF
$123.66 USD
Cap Rate
8%
NOI
$244,990 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
3.88 AC
Zoning
C-1 - General Commercial Zone
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 2
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Staples | 9081 Commercial St
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