Auto Service - Gas-Conv
798 Victoria Street
798 Victoria St, Trail, BC V1R 3T2
Listing Price: $4,100,000
Investment Overview
Marcus & Millichap’s Western Canada NNN Group is pleased to present for sale a brand new, single-tenant fuel station, convenience store and car wash 100% leased to 7-Eleven Canada, Inc. Strategically located at a signalized intersection on the Crowsnest Highway (BC-3B) in Trail, B.C., the subject property features a long-term, carefree, triple net (NNN) lease with attractive rental escalations and a desirable management fee. The offering is further complimented with a corporate covenant lease from one of the largest, most recognizable global brands, boasting a market cap of over $60B (CAD) as of December 2024. 7-Eleven’s substantial capital investment into the development speaks volumes to their commitment to the subject property and Trail marketplace.
798 Victoria Street
Investment Highlights
- Strong Corporate Covenant: The Subject Property is 100% leased by 7-Eleven Canada Inc., one of the largest convenience store operators in the world.
- Carefree NNN Lease: 7-Eleven operates on a totally carefree, NNN lease with tenant responsible for all repairs and maintenance including HVAC and all structural repairs and maintenance on the car wash
- Long-Term Lease: The lease runs until November 29, 2036, with two fixed renewal options, providing stability, and long-term income security.
- Contractual Rental Increases: Rental escalates every 5 years, ensuring a built-in income growth for an investor.
- Prime Location: Situated at the corner of Victoria Street (Hwy 3B) and Pine Avenue, The Subject Property spans an entire block and benefits from exceptional visibility and high traffic, with over 23,000 vehicles per day.
- Strong Market in Trail, BC: Trail is a vibrant, growing community with a stable economy driven by local industries, a strong retail market, and increasing demand for essential services.
Exclusively Listed By
Listing Price: $4,100,000
Investment Highlights
- Strong Corporate Covenant: The Subject Property is 100% leased by 7-Eleven Canada Inc., one of the largest convenience store operators in the world.
- Carefree NNN Lease: 7-Eleven operates on a totally carefree, NNN lease with tenant responsible for all repairs and maintenance including HVAC and all structural repairs and maintenance on the car wash
- Long-Term Lease: The lease runs until November 29, 2036, with two fixed renewal options, providing stability, and long-term income security.
- Contractual Rental Increases: Rental escalates every 5 years, ensuring a built-in income growth for an investor.
- Prime Location: Situated at the corner of Victoria Street (Hwy 3B) and Pine Avenue, The Subject Property spans an entire block and benefits from exceptional visibility and high traffic, with over 23,000 vehicles per day.
- Strong Market in Trail, BC: Trail is a vibrant, growing community with a stable economy driven by local industries, a strong retail market, and increasing demand for essential services.
Investment Overview
Marcus & Millichap’s Western Canada NNN Group is pleased to present for sale a brand new, single-tenant fuel station, convenience store and car wash 100% leased to 7-Eleven Canada, Inc. Strategically located at a signalized intersection on the Crowsnest Highway (BC-3B) in Trail, B.C., the subject property features a long-term, carefree, triple net (NNN) lease with attractive rental escalations and a desirable management fee. The offering is further complimented with a corporate covenant lease from one of the largest, most recognizable global brands, boasting a market cap of over $60B (CAD) as of December 2024. 7-Eleven’s substantial capital investment into the development speaks volumes to their commitment to the subject property and Trail marketplace.
Exclusively Listed By
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