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Alaska Avenue 4,950 SF 100% Leased Retail Building Dawson Creek, BC V1G 1Z3 $2,568,199 USD ($518.83 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
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,950 SF
Building Class
C
Year Built
2009
Price
$2,568,199 USD
Price Per SF
$518.83 USD
Cap Rate
6.50%
NOI
$166,915 USD
Percent Leased
100%
Building Height
1 Story
Zoning
C3 - Highway Commercial
Walk Score®
Very Walkable (74)
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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