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Kal Tire Property Portfolio | Tranche 3 1 Retail Properties Offered at $5,111,144 in Lethbridge, AB
Investment Highlights
- Kal Tire is one of Canada’s most recognized automotive brands, operating for over 70 years with more than 280 retail locations nationwide.
- Newly executed leases running to 2031 (Saskatoon), 2036 (Lethbridge) and 2046 (Swift Current and Brandon), producing a WALT of ~14 years.
- Phase I and II Environmental Reports are complete for all properties and will be shared upon execution of a CA.
- Carefree, net-leases with corporate covenant and minimal landlord responsibilites.
- Highway-fronting, high-visibility sites positioned within each market's established automotive and commercial service corridor.
- The Vendor will entertain offers as a portfolio sale or individual basis.
Executive Summary
Marcus & Millichap's Western Canada NNN Group is pleased to present for sale a portfolio of four (4) single-tenant Kal Tire properties strategically located across Western Canada's prairie provinces: Lethbridge, Alberta; Saskatoon and Swift Current, Saskatchewan; and Brandon, Manitoba. Each property is secured by a carefree, net lease with corporate covenant, Kal Tire Ltd., one of Canada's most established automotive service brands. All four locations feature newly executed lease terms commencing August 1, 2026, delivering a weighted average lease expiry of nearly 14 years with no near-term rollover. Backed by 70+ years of operations and a network of 280+ locations nationwide, Kal Tire offers stable, durable income. The Vendor will consider offers on individual assets or as a portfolio.
Property Facts
| Price | $5,111,144 USD | Number of Properties | 4 |
| Price / SF | $319.45 USD / SF | Individually For Sale | 0 |
| Cap Rate | 6.11% | Total Building Size | 16,000 SF |
| Sale Type | Investment | Total Land Area | 1.95 AC |
| Status | Active |
| Price | $5,111,144 USD |
| Price / SF | $319.45 USD / SF |
| Cap Rate | 6.11% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 16,000 SF |
| Total Land Area | 1.95 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Kal Tire
3604 9 Av N, Lethbridge, AB T1H 5E7 |
Retail | 16,000 SF | 1976 | - |
1 1
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Kal Tire Property Portfolio | Tranche 3
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