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6670 Sooke Rd 5,122 SF Retail Building Sooke, BC V9Z 0A5 $5,236,000 CAD ($1,022.26 CAD/SF) 4.50% Cap Rate
Investment Highlights
- The Subject Property is 100% occupied by Toronto-Dominion Bank. TD is one of North America's largest financial institutions.
- Sooke's population increased by 15.6% from 2020 to 2025 to approximately 17,625 residents and is projected to grow by an additional 13.5% by 2030.
- The Subject Property is held in a bare trust, providing purchasers with the option to acquire shares of the nominee corporation.
- The Tenant is operating on a landlord friendly, NNN lease with minimal landlord responsibilities.
- The Subject Property benefits from 125 feet of direct frontage onto Sooke Road (Highway 14).
- Directly adjacent to Evergreen Centre, Sooke's dominant retail node, the Subject Property benefits from national and daily-needs retailers.
Executive Summary
The Vendor has exclusively engaged the Western Canada NNN Group to facilitate the sale of its 100% freehold interest in 6670 Sooke Road, Sooke, B.C. This offering presents a carefree triple-net investment opportunity, featuring a single-tenant bank branch with drive-thru, fully leased to Toronto Dominion Bank ("TD"), one of Canada's most creditworthy tenants. The triple-net structure affords minimal landlord responsibilities, providing investors with a strong national corporate covenant and passive income from day one. Strategically positioned along Sooke Road (Highway 14), a major arterial corridor, the property enjoys exceptional visibility and accessibility. Located within a well-established retail node and surrounded by essential daily-needs retailers, the asset is well-positioned to deliver long-term income stability and enduring investment value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
5,122 SF
Building Class
C
Year Built
2012
Price
$5,236,000 CAD
Price Per SF
$1,022.26 CAD
Cap Rate
4.50%
NOI
$235,620 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.55 AC
Zoning
C2 - General Commercial
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 9
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6670 Sooke Rd
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