Log In/Sign Up
Your email has been sent.
8925 Granville St 11,248 SF Retail Building Port Hardy, BC $2,169,000 CAD ($192.83 CAD/SF) 6.73% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased portfolio with national pharmacy anchors
- Strong WALT of 5.14 years across all assets
- Limited local competition in underserved secondary markets
- 91.4% of base rent secured by Rexall, IDA, and Shoppers
- Located in high-visibility downtown commercial districts
- Recent renovations and ongoing maintenance completed
EXECUTIVE SUMMARY
Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to present the opportunity to purchase a 100% freehold interest in a Portfolio of three (3) pharmacy-anchored retail assets across British Columbia and Alberta (the “Portfolio”). The Portfolio is anchored by a roster of Canada’s largest pharmacy operators including Rexall, Rx Drug Mart I.D.A. (Neighbourly Pharmacy), and Shoppers Drug Mart, encompassing 91.4% of Portfolio base rent and a pharmacy weighted average lease term of 5.5 years. This necessitybased Portfolio is located in the stable secondary markets of Port Hardy, Burns Lake, and Westlock, with limited pharmacy competition in the immediate area and excellent exposure in each respective markets commercial core. The Vendor will assess offers on a Portfolio basis or as individual assets
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,248 SF
Building Class
C
Year Built/Renovated
1995/2008
Price
$2,169,000 CAD
Price Per SF
$192.83 CAD
Cap Rate
6.73%
NOI
$145,974 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.71 AC
Zoning
C1 - General Commercial
Parking
25 Spaces (2.22 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
(604) 628-4331
x4331
CONTACTS
-
Brodie Henrichsen -
Kevin Douglas -
Colton Zayshley -
Adam Kilburn -
Andrew Simpson -
JLL
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
8925 Granville St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.