$ 1,280,000 – 2988 16 Highway
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
(250) 718-8775
Brokerage:
Coldwell Banker Horizon Realty
(250) 860-7500
(250) 860-7500