2988 16 Highway Terrace, British Columbia V8G 3T8
$1,280,000
Fully leased 2,880 square foot convenience store to a national tenant on 4.2 acres (sale of land and building only). Currently in the 5th year of a 5 year lease term with Circle K. Tenant has occupied the Property for over 20 years. In place net income generates a 6.33% cap rate on asking price. Renewal net income (starting January 2025) will produce a 7% cap rate on asking price. (id:59116)
Property Details
| MLS® Number | C8060030 |
| Property Type | Retail |
Building
| SizeInterior | 2880 Sqft |
Land
| Acreage | Yes |
| SizeIrregular | 4.32 |
| SizeTotal | 4.32 Ac |
| SizeTotalText | 4.32 Ac |
https://www.realtor.ca/real-estate/26901043/2988-16-highway-terrace
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Stewart Dunbar
Personal Real Estate Corporation
#14 - 1470 Harvey Avenue
Kelowna, British Columbia V1Y 9K8
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September 19 2024 04:56:42
BC Northern Real Estate Board
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