(250) 564-4488 | TF: 1 (800) 419-0709


LOADING

2988 16 Highway Terrace, British Columbia V8G 3T8

2880 sqft
Acreage

$1,280,000

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:43796)

Property Details

MLS® Number C8060030
Property Type Retail

Building

Size Interior 2880 Sqft

Land

Acreage Yes
Size Irregular 4.32
Size Total 4.32 Ac
Size Total Text 4.32 Ac

https://www.realtor.ca/real-estate/26901043/2988-16-highway-terrace

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Stewart Dunbar
Personal Real Estate Corporation

(250) 718-8775

Coldwell Banker Horizon Realty
#14 - 1470 Harvey Avenue
Kelowna, British Columbia V1Y 9K8

(250) 860-7500
(250) 868-2488