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$ 859,000
Est. payment | /mo
4,260 SqFt
$ 859,000
Est. payment | /mo
4,260 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,260 sqft
Price per Sqft $201
MLS® Listing ID C8068819
Year Built 1960
Lot Size 7,405 Sqft
Acres 0.17
Source BC Northern Real Estate Board
Property Description
Fully Leased Investment Property / Long-Term Triple Net Lease / 10.35% Cap Rate/ An excellent opportunity to acquire a fully leased commercial investment property with a secure, long-term tenant in place. This 4,260 sq. ft. building has been built for licensed daycare operations and is now secured under a brand new 10-year Triple Net (NNN) lease beginning in 2024. With an asking price like this, this asset offers an attractive initial cap rate of 10.35%, with upside as rents escalate in the second half of the lease. The tenant has demonstrated strong operational performance in the daycare sector, ensuring long-term value and low vacancy risk. * PREC - Personal Real Estate Corporation (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Century 21 Energy Realty
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