Shopping Neighborhood
1015 Ryan Rd
1015 Ryan Rd, Courtenay, BC V9N 3R6
Listing Price: $6,700,000
Investment Overview
The Vendor has exclusively retained Marcus & Millichap REIS to facilitate the sale of its 100% freehold interest in 1015 Ryan Road located in Courtenay, B.C. The property features a carefree, triple-net investment opportunity consisting of a single-tenant bank branch with drive-thru occupied by Royal Bank of Canada (“RBC”).
1015 Ryan Rd
Investment Highlights
- Freestanding single-tenant retail building comprised of 7,710 SF on a 34,412 SF site, with drive-thru tenanted by AAA covenant and long-term tenant, RBC.
- RBC recently executed a five (5) year renewal option which expires July 31, 2028, and has the right to extend the term for four (4) further consecutive periods of five (5) years.
- Area experiencing significant densification as evidenced by numerous mid-rise multi-family developments, including Glenhart Views (251 units) and Montague Residences (118 units), among others.
Exclusively Listed By
Listing Price: $6,700,000
Investment Highlights
- Freestanding single-tenant retail building comprised of 7,710 SF on a 34,412 SF site, with drive-thru tenanted by AAA covenant and long-term tenant, RBC.
- RBC recently executed a five (5) year renewal option which expires July 31, 2028, and has the right to extend the term for four (4) further consecutive periods of five (5) years.
- Area experiencing significant densification as evidenced by numerous mid-rise multi-family developments, including Glenhart Views (251 units) and Montague Residences (118 units), among others.
Investment Overview
The Vendor has exclusively retained Marcus & Millichap REIS to facilitate the sale of its 100% freehold interest in 1015 Ryan Road located in Courtenay, B.C. The property features a carefree, triple-net investment opportunity consisting of a single-tenant bank branch with drive-thru occupied by Royal Bank of Canada (“RBC”).
Exclusively Listed By
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