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Kal Tire Ltd. 505 1 Ave W 10,600 SF 100% Leased Retail Building Assiniboia, SK S0H 0B0 $1,440,000 CAD ($135.85 CAD/SF) 7.01% 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 2.3-acre site offers operational flexibility and additional service capacity.
- Supported by agriculture, transportation, and light industry, Assiniboia offers a stable economic base with higher-than-average household incomes.
- Improved with a 6,600 SF Kal Tire facility and a 4,000 SF truck repair building (subleased by Kal Tire to JHS Semi Repair)
- Well positioned in Assiniboia, a regional service centre for Southern Saskatchewan’s grain belt, benefiting from CP Rail freight operations.
- Low operating costs and municipal incentives for light industrial and logistics uses enhance tenant retention and long-term asset stability.
EXECUTIVE SUMMARY
Marcus & Millichap's Western Canada NNN Group is pleased to present the opportunity to acquire 505 1 Avenue W, Assiniboia, Saskatchewan (the "Subject Property"). The Subject Property is a single-tenant automotive and truck service facility leased to Kal Tire Ltd., Canada’s largest independent tire dealer. Situated on a 2.3-acre site with a total building area of 10,600 square feet, the property benefits from a long-term, landlord-favourable net lease. The offering provides investors with stable cash flow from a tenant that is secured by a strong corporate covenant.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
10,600 SF
Building Class
C
Year Built
1998
Price
$1,440,000 CAD
Price Per SF
$135.85 CAD
Cap Rate
7.01%
NOI
$100,950 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
2.30 AC
Zoning
C2 - General Commercial
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Kal Tire Ltd. | 505 1 Ave W
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