Retail
4912 Athalmer Road
4912 Athalmer Rd, Invermere, BC V0A 1K3
Listing Price: $12,800,000
Investment Overview
Nestled between the Rocky and Purcell Mountain ranges, Invermere is in the heart of the Columbia Valley and East Kootenay Regional District. The Offering is the perfect opportunity for a savvy, lifestylefocused entrepreneur to invest in a desirable recreational paradise, benefitting from highly sought-after seasonal destinations, including Windermere Lake, Panorama Ski Resort, world-class golf courses, and an array of outdoor recreation.
Alternatively, the Offering is well-suited for private investors seeking a stable, carefree income stream with development upside or end-users seeking development land with existing rental income in a desirable and growing marketplace. The Offering is a singular 10-acre parcel consisting of two phases with future subdivision potential. The first phase was completed in 2023 and includes three standalone retail pads over approximately three acres, and 100% leased to global and national corporate covenant retailers on long-term, carefree, triple-net (“NNN”) leases. The balance of the Offering (Phase Two) is a seven-acre, fully-serviced commercial development site with attractive permitted land uses, including retail, light industrial, self-storage, and hospitality. Phase Two also features a flexible month-to-month tenancy with CS McLean Contracting Ltd., a well-known local excavation company, providing substantial holding income during development planning.
Investment Highlights
- Phase One is secured by best-in-class corporate covenant tenants: Shell Canada Limited, McDonald's Restaurants of Canada Ltd., and Lordco Parts Ltd
- Shell and McDonald's each operate on absolute net, 20-year ground leases, and Lordco operates on a triple-net, 15-year building lease
- Carefree with minimal landlord responsibilities
- Phase Two offers exceptional market positioning for a wide array of development forms and land uses
- Last large-scale development site in the immediate vicinity equipped with water and sewer services
- Excellent visibility from Athalmer Road, coupled with ease of access and egress from Lakeview Drive
- Direct proximity to Highway 93/95 connecting travellers from Calgary to the north and Cranbrook to the south
- Positioned on Athalmer Road, the main east-west arterial connecting Highway 93/95 to Invermere's Town Centre, Windermere Lake and Panorama Ski Resort
Exclusively Listed By
Listing Price: $12,800,000
Investment Highlights
- Phase One is secured by best-in-class corporate covenant tenants: Shell Canada Limited, McDonald's Restaurants of Canada Ltd., and Lordco Parts Ltd
- Shell and McDonald's each operate on absolute net, 20-year ground leases, and Lordco operates on a triple-net, 15-year building lease
- Carefree with minimal landlord responsibilities
- Phase Two offers exceptional market positioning for a wide array of development forms and land uses
- Last large-scale development site in the immediate vicinity equipped with water and sewer services
- Excellent visibility from Athalmer Road, coupled with ease of access and egress from Lakeview Drive
- Direct proximity to Highway 93/95 connecting travellers from Calgary to the north and Cranbrook to the south
- Positioned on Athalmer Road, the main east-west arterial connecting Highway 93/95 to Invermere's Town Centre, Windermere Lake and Panorama Ski Resort
Investment Overview
Nestled between the Rocky and Purcell Mountain ranges, Invermere is in the heart of the Columbia Valley and East Kootenay Regional District. The Offering is the perfect opportunity for a savvy, lifestylefocused entrepreneur to invest in a desirable recreational paradise, benefitting from highly sought-after seasonal destinations, including Windermere Lake, Panorama Ski Resort, world-class golf courses, and an array of outdoor recreation. Alternatively, the Offering is well-suited for private investors seeking a stable, carefree income stream with development upside or end-users seeking development land with existing rental income in a desirable and growing marketplace. The Offering is a singular 10-acre parcel consisting of two phases with future subdivision potential. The first phase was completed in 2023 and includes three standalone retail pads over approximately three acres, and 100% leased to global and national corporate covenant retailers on long-term, carefree, triple-net (“NNN”) leases. The balance of the Offering (Phase Two) is a seven-acre, fully-serviced commercial development site with attractive permitted land uses, including retail, light industrial, self-storage, and hospitality. Phase Two also features a flexible month-to-month tenancy with CS McLean Contracting Ltd., a well-known local excavation company, providing substantial holding income during development planning.