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Alaska Avenue 4,950 SF 100% Leased Retail Building Dawson Creek, BC V1G 1Z3 $2,609,702 USD ($527.21 USD/SF) 6.50% Cap Rate
Investment Highlights
- Secured by strong corporate covenants, the TDL Group Corp. and Parkland, are operating on landlord friendly NNN leases.
- The Subject Property is a corner lot located on a signalized intersection. Prime exposure to Alaska Avenue (Highway 2)
- Strong performing location. Long-standing tenants since 2009, both tenants have recently renewed their leases for further terms of 5 years each.
Executive Summary
The Marcus & Millichap Western Canada NNN Group is pleased to present the opportunity to acquire a stable, two-tenant, NNN investment property with drivethru located at 1308 Alaska Avenue, Dawson Creek, BC (the "Subject Property"). The Subject Property is 100% leased to The TDL Group Corp. and Parkland on NNN leases, secured by corporate covenants.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,950 SF
Building Class
C
Year Built
2009
Price
$2,609,702 USD
Price Per SF
$527.21 USD
Cap Rate
6.50%
NOI
$169,612 USD
Percent Leased
100%
Building Height
1 Story
Zoning
C3 - Highway Commercial
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Contacts
-
Armaan Sohi -
Curtis Leonhardt -
Joe Genest -
Jon Buckley -
Jack Allpress -
Marcus & Millichap
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Alaska Avenue
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