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429 1 St 6,214 SF Retail Building Vanderhoof, BC V0J 0A8 $1,240,000 CAD ($199.55 CAD/SF) 7.02% 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.
- The Subject Property operates as a retail automotive service center and showroom.
- Situated on Yellowhead Highway (Highway 16), the Subject Property benefits from exposure to over 5,000 vehicles per day (VPD).
- Provides businesses and residents with cost-effective access to major markets and expanded services.
EXECUTIVE SUMMARY
Marcus & Millichap’s Western Canada NNN Group is pleased to present a three-property, triple-net (“NNN”) leased automotive retail portfolio located in Vanderhoof & Sparwood, B.C. and Regina, SK. Each property is leased to Kal Tire Ltd., Canada’s largest independent tire dealer, and is strategically positioned within established industrial or highway-oriented commercial nodes offering strong visibility and convenient access. The portfolio comprises over 46,700 SF of improvements across 3.44 acres and benefits from landlord-favourable NNN leases that provide stable, long-term income with minimal management obligations.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
6,214 SF
Building Class
C
Year Built
1997
Price
$1,240,000 CAD
Price Per SF
$199.55 CAD
Cap Rate
7.02%
NOI
$87,048 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.34 AC
Zoning
C-2 - Highway Commercial
NEARBY MAJOR RETAILERS
1 of 6
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429 1 St
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