1,010 ft²Retail$2,489,000Sale
1,010 ft²
Retail
$2,489,000
Sale
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The Subject Property represents a stable, income-producing asset operating on a carefree NNN lease secured by a corporate covenant, The TDL Group Corp.
The Space
Asking Price$2,489,000
Available Space1,010 ft²
Net Operating Income$142800
SourceDirect
The Building
Completely carefree 20-year NNN lease with term until December 2036 and contractual rental escalations every five years. Ability to assume attractive in-place debt available at an interest rate of 4.39% with an outstanding balance of $1,273,237.25 (as of Nov. 1, 2022) and maturity date of October 1, 2026. The tenant is responsible for all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc. Strong performing location. The tenant has been operating at this location since 2016 and is well-positioned to capitalize on the daily in-flux of highway travelers, nearby businesses and main arterial to Site C Dam. The Subject Property benefits from its prime exposure along the Alaska Highway (Highway 97), the arterial route servicing Fort St. John and its connecting and nearby towns and cities.
Property TypeRetail
Up to $500K for British Columbia businesses
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