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Alaska Avenue 4,950 SF 100% Leased Retail Building Dawson Creek, BC V1G 1Z3 $3,585,000 CAD ($724.24 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Secured by strong corporate covenants, the TDL Group Corp. and Parkland, are operating on landlord friendly NNN leases.
- The Subject Property is a corner lot located on a signalized intersection. Prime exposure to Alaska Avenue (Highway 2)
- Strong performing location. Long-standing tenants since 2009, both tenants have recently renewed their leases for further terms of 5 years each.
Executive Summary
The Marcus & Millichap Western Canada NNN Group is pleased to present the opportunity to acquire a stable, two-tenant, NNN investment property with drivethru located at 1308 Alaska Avenue, Dawson Creek, BC (the "Subject Property"). The Subject Property is 100% leased to The TDL Group Corp. and Parkland on NNN leases, secured by corporate covenants.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,950 SF
Building Class
C
Year Built
2009
Price
$3,585,000 CAD
Price Per SF
$724.24 CAD
Cap Rate
6.50%
NOI
$233,000 CAD
Percent Leased
100%
Building Height
1 Story
Zoning
C3 - Highway Commercial
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Contacts
-
Armaan Sohi -
Curtis Leonhardt -
Joe Genest -
Jon Buckley -
Jack Allpress -
Marcus & Millichap
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Alaska Avenue
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