Skip to main content

Miscellaneous

9704 112 Street

9704 112 St, Fort St. John, BC V1J 7C7

Listing Price: $2,600,000

Cap Rate
5.49%
Tenant Name
The TDL Group Corp.
Years Remaining On Lease
13.5
Guarantor
Corporate Guarantee
Rentable SF
1,010
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$141.39

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.

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 $1,273,237.25 (as of November 1st 2022) 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

Miscellaneous

9704 112 Street

Listing Price: $2,600,000

Cap Rate
5.49%
Tenant Name
The TDL Group Corp.
Years Remaining On Lease
13.5
Guarantor
Corporate Guarantee
Rentable SF
1,010
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$141.39

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 $1,273,237.25 (as of November 1st 2022) 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

MM Texture Background
MM Textured Background Lower