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:61048)
MLS® Number | C8068819 |
Property Type | Office |
Road Type | Paved Road |
Constructed Date | 1960 |
Size Interior | 4,260 Ft2 |
Acreage | No |
Size Irregular | 0.17 |
Size Total | 0.17 Ac |
Size Total Text | 0.17 Ac |
https://www.realtor.ca/real-estate/28245526/9903-102-street-fort-st-john
Contact us for more information
Chad Bordeleau
Personal Real Estate Corporation
(250) 787-2100
(877) 575-2121
(250) 785-2551
www.century21.ca/energyrealty