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4929 Keith Avenue
Terrace, BC V8G 1K7
Kal Tire · Retail Property For Sale
Investment Highlights
- 100% leased to Kal Tire Ltd., which is responsible for all operating costs, including utilities and day-to-day management.
- In 2010 formalized its corporate operational control, underscoring the site’s long-standing strategic importance in the market.
- Purpose built automotive service facility (plus quonset) on a 1.1 acre industrial site.
- Kal Tire has exercised its five year renewal option, confirming a lease term from May 1, 2026 through April 30, 2031.
- Positioned along Keith Avenue with 120 feet of frontage, one block south of Highway 16 (Yellowhead Highway).
- Terrace is the strategic "inland link" of Canada’s most active resource corridor, positioned at the junction of Highways 16 and 37 and the CN Rail lin
Executive Summary
Marcus & Millichap's Western Canada NNN Group is pleased to present for sale 4929 Keith Avenue, Terrace, British Columbia (the "Subject Property"). Improved with a 9,200 SF automotive service facility and attached Quonset on a 1.1-acre M1-zoned site, the Subject Property is 100% leased to Kal Tire Ltd., one of Canada's largest independent tire retailers with over 280 locations nationwide.
Kal Tire recently exercised a new five-year renewal option commencing May 1, 2026, signalling strong location commitment and providing investors with a passive, stable and carefree income stream. Positioned on Keith Avenue with convenient access to Highway 16, exposure, the Subject Property represents a desirable opportunity to secure a commercial-industrial asset with a corporate covenant in one of the most sought after resourced-based
markets in Western Canada.
Kal Tire recently exercised a new five-year renewal option commencing May 1, 2026, signalling strong location commitment and providing investors with a passive, stable and carefree income stream. Positioned on Keith Avenue with convenient access to Highway 16, exposure, the Subject Property represents a desirable opportunity to secure a commercial-industrial asset with a corporate covenant in one of the most sought after resourced-based
markets in Western Canada.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
11,056 SF
Building Class
C
Year Built
1965
Price
$2,300,000 CAD
Price Per SF
$208.03 CAD
Cap Rate
7.04%
NOI
$162,000 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.10 AC
Zoning
M1 - Light Industrial
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