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$859,000
Est. payment /mo
4,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $195
MLS® Listing ID C8068817
Year Built 1980
Lot Size 8,712 Sqft
Acres 0.2
Source BC Northern Real Estate Board
Property Description
Turnkey Commercial Investment - An excellent opportunity to acquire a fully leased commercial asset with a secure, long-term tenant and a strong return on investment. This 4,400 sq. ft. building has been home to a licensed daycare since 2012 and is now under a brand new 10-year Triple Net (NNN) lease. The lease commenced in 2024 at a rate of $19.92 per square foot and offers reliable, stable cash flow backed by a long-standing operator with deep roots in the community. This investment delivers a solid 10.69% capitalization rate, providing excellent returns and long-term security. This is a rare opportunity to invest in a low-maintenance, income-producing property with minimal risk and consistent performance, ideal for both seasoned investors and those looking to add a dependable asset to their portfolio. * 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
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Listed by Century 21 Energy Realty
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Muhamed Awada
Real Estate Agent | License ID: 4726552
Real Estate Agent License ID: 4726552