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Kal Tire 270 Hodsman Rd 25,161 SF 100% Leased Retail Building Regina, SK S4N 5X4 $3,230,000 CAD ($128.37 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased to Kal Tire Ltd., a corporate tenant responsible for all operating costs, including utilities and day to day management.
- Worn heavyduty truck tires are rebuilt through the application of new tread. This process provides commercial and industrial fleets with renewed tires
- As Saskatchewan’s capital and second-largest city, Regina serves as a government, education, and healthcare hub.
- The Subject Property is used as an industrial truck tire retread plant
- Situated in Regina’s heavy industrial district with direct access to Ring Road and major arterial routes such as Highway 46
- Regina’s population has grown 9.8% since 2020 to 256,847 and is projected to exceed 279,000 by 2030 (growth of 8.9%).
EXECUTIVE SUMMARY
Marcus & Millichap’s Western Canada NNN Group is pleased to present a triple-net (“NNN”) leased automotive industrial truck retread property located at 270 Hodsman Road in Regina, Saskatchewan. The property is leased to Kal Tire Ltd., Canada’s largest independent tire dealer, providing a strong corporate covenant and stable long-term income with minimal management responsibilities. The offering consists of a 1.30-acre site improved with a 25,161 SF facility, strategically located within Regina’s heavy industrial district with direct access to Ring Road and proximity to Highway 46.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
25,161 SF
Building Class
C
Year Built
1983
Price
$3,230,000 CAD
Price Per SF
$128.37 CAD
Cap Rate
7%
NOI
$226,040 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.44
Lot Size
1.30 AC
Zoning
IH - Industrial Heavy
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Kal Tire | 270 Hodsman Rd
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