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301 11 Ave E 3,000 SF Retail Building Kindersley, SK S0L 1S0 $998,000 CAD ($332.67 CAD/SF) 7.37% Cap Rate
Investment Highlights
- Secured on a long-standing net lease, providing a landlord with a secure investment requiring minimal responsibility.
- Secured by corporate tenant 7-Eleven Canada, Inc., part of a global leader in the convenience store sector. 7-Eleven operates over 85,000 locations.
- Fuel volume data for the past three years will be provided upon execution of a Confidentiality Agreement.
- The tenant is fully responsible for property taxes, and maintenance, making this a carefree investment for the landlord.
- Positioned on 11th Avenue with direct frontage on Saskatchewan Highway 7. Located at the trafficked intersection of 2 Street SE and 11 Avenue E
- The tenant assumes responsibility for all environmental matters and risks associated with the Subject Property.
Executive Summary
Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 301 11 Avenue East, Kindersley, Saskatchewan (The “Subject Property”). The Subject Property represents a stable, freestanding single-tenant property tenanted by 7-Eleven Canada, Inc., successfully operating at this location since 1989. The tenant is operating on a net lease with minimal landlord responsibilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,000 SF
Year Built
1989
Price
$998,000 CAD
Price Per SF
$332.67 CAD
Cap Rate
7.37%
NOI
$73,553 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.88 AC
Zoning
C3 - Highway Commercial District
Frontage
270’ on 2 Street East
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 2
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301 11 Ave E
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