10,600 ft²Retail$3,150,000Sale
10,600 ft²
Retail
$3,150,000
Sale
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The Subject Property is a NNN investment opportunity consisting of a stand-alone building occupied by Shoppers Drug Mart. The tenant has been successfully operating at this location since 2006, and overall, encompasses a long-term and stable investment property leased to a strong, daily-needs retail corporate covenant.
The Space
Asking Price$3,150,000
Available Space10,600 ft²
Net Operating Income$169830
SourceDirect
The Building
100% occupied by Shoppers Drug Mart since 2006 on a NNN lease with term remaining until July 2026. Landlord friendly lease. Cost to maintain, repair, and replace the roof is the tenant's responsibility. HVAC replacement can be amortized back to the tenant on a straight-line basis. The Subject Property is centrally located in downtown Kimberley and benefits from frontage along Ross Street (Highway 95A) the essential arterial route servicing Kimberley. The Subject Property benefits from accessibility via Ross Street and St. Mary's Avenue, along with the ample surface parking stalls. The Subject Property is well-positioned to cater to the daily needs of Kimberley's residents, commuters, and year-round tourists.
Property TypeRetail
Up to $500K for British Columbia businesses
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