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7-Eleven Kindersley 311 11 E Ave 3,000 SF 100% Leased Retail Building Kindersley, SK S0L 1S0 $1,150,000 CAD ($383.33 CAD/SF) 6.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Lease - The Subject Property is secured on a long-standing net lease.
- Corporate Covenant – Secured by 7-Eleven Inc.
- Environmental Liability - The tenant assumes responsibility for all environmental matters and risks associated with the Subject Property.
- Proven Tenant Tenure - The tenant, 7-Eleven Canada, Inc., has been successfully operating at the Subject Property since 1989.
- Central Location with Traffic Exposure - Positioned on 11th Avenue with direct frontage on Saskatchewan Highway 7.
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 NNN
Property Type
Retail
Building Size
3,000 SF
Building Class
C
Year Built
1989
Price
$1,150,000 CAD
Price Per SF
$383.33 CAD
Cap Rate
6.39%
NOI
$73,540 CAD
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
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7-Eleven Kindersley | 311 11 E Ave
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