Miscellaneous
9704 112 Street
9704 112 St, Fort St. John, BC V1J 7C7
Listing Price: $2,489,000
Investment Overview
Marcus & Millichap REIS Canada Inc. is pleased to present for sale an opportunity to acquire a stand-alone Tim Hortons drive-thru located at 9704 112 Street, Fort St. John, B.C. (the "Subject Property"). The Subject Property represents a stable, income-producing asset operating on a carefree NNN lease secured by a corporate covenant, The TDL Group Corp.
9704 112 Street
Investment Highlights
- Completely carefree 20-year NNN lease with term until August 2036 and contractual rental escalations every five years.
- Ability to assume attractive in-place debt available at an interest rate of 4.39% with an outstanding balance of $1,200,625.63 (as of Jan. 1, 2024) and maturity date of October 1, 2026.
- The tenant is responsible for all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.
- Strong performing location. The tenant has been operating at this location since 2016 and is well-positioned to capitalize on the daily in-flux of highway travelers, nearby businesses and main arterial to Site C Dam.
- The Subject Property benefits from its prime exposure along the Alaska Highway (Highway 97), the arterial route servicing Fort St. John and its connecting and nearby towns and cities.
- The TDL Group Corp. is the licensing company for Tim Hortons, Canada's largest purveyor of coffee and baked goods with over 3,530 locations across Canada.
Exclusively Listed By
Listing Price: $2,489,000
Investment Highlights
- Completely carefree 20-year NNN lease with term until August 2036 and contractual rental escalations every five years.
- Ability to assume attractive in-place debt available at an interest rate of 4.39% with an outstanding balance of $1,200,625.63 (as of Jan. 1, 2024) and maturity date of October 1, 2026.
- The tenant is responsible for all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.
- Strong performing location. The tenant has been operating at this location since 2016 and is well-positioned to capitalize on the daily in-flux of highway travelers, nearby businesses and main arterial to Site C Dam.
- The Subject Property benefits from its prime exposure along the Alaska Highway (Highway 97), the arterial route servicing Fort St. John and its connecting and nearby towns and cities.
- The TDL Group Corp. is the licensing company for Tim Hortons, Canada's largest purveyor of coffee and baked goods with over 3,530 locations across Canada.
Investment Overview
Marcus & Millichap REIS Canada Inc. is pleased to present for sale an opportunity to acquire a stand-alone Tim Hortons drive-thru located at 9704 112 Street, Fort St. John, B.C. (the "Subject Property"). The Subject Property represents a stable, income-producing asset operating on a carefree NNN lease secured by a corporate covenant, The TDL Group Corp.
Exclusively Listed By
