$ 1,280,000 – 2988 16 Highway

This listing presented by Lorne Ayers. Contact Lorne by phone: (250) 860-1100 or email direct here.

Listing Info

Area: Terrace
Property Type: Retail
MLS® Number: C8060030
Lot Size: 4.32
Listing Status: Active
List Price: $ 1,280,000

0 BR / 0 BA Retail – Terrace

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:6769)

Construction Info

Interior Finish: 2880

Rooms Dimension

Listing Agent:

Stewart Dunbar
(250) 718-8775

Brokerage:

Coldwell Banker Horizon Realty
(250) 860-7500
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