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Auto Service - Gas-Conv

320 Proctor Street, Williams Lake, B.C

320 Proctor St, Williams Lake, BC V2G 4P6

Listing Price: $1,200,000

Cap Rate
7.30%
Tenant Name
7-Eleven Canada, Inc.
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
2,715
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.09

Investment Overview

Marcus & Millichap REIS Canada Inc. is excited to present the exclusive opportunity to acquire four single-tenant fuel station and convenience store properties, each featuring triple-net (NNN) leases supported by a strong corporate covenant with 7-Eleven Canada, Inc. These properties offer a hands-free investment, making them perfect for an investor seeking well-located, cash flowing assets with a reliable rental income stream.
Type: Three fuel stations with convenience stores and one convenience store only (no fuel station)
Acquisition Options: Offered on an "AS IS, WHERE IS" basis. Vendor will entertain offers as a portfolio sale or individual basis
Location: Exceptionally located within their respective markets on hard corners complemented by multiple access points
Lease Structure: Carefree, corporately backed triple-net (NNN) leases
Tenant: Longstanding and reliable, 7-Eleven Canada, Inc. with well-known branded fuel partners in Esso and Petro-Canada

Investment Highlights

  • Single-Tenant Convenience Store: The property features a single-tenant convenience store without an active fuel station.
  • NNN Lease: The tenant is operating on a carefree NNN Lease with minimal Landlord responsibilities, with an expiry of January 31, 2028, plus an option to renew.
  • Strong Tenant Tenure: 7-Eleven has maintained a strong presence at this location since 1989, demonstrating exceptional tenant longevity and reliability.
  • Prime Location: Situated in the Downtown area on Proctor Street, the property is wellpositioned adjacent to RONA and other local businesses, schools, government services, and recreational facilities.
  • Population Base: Williams Lake is the largest urban center between Kamloops and Prince George, servicing a local population of nearly 11,000 and a trade area population exceeding 60,000.

Exclusively Listed By

Auto Service - Gas-Conv

320 Proctor Street, Williams Lake, B.C

Listing Price: $1,200,000

Cap Rate
7.30%
Tenant Name
7-Eleven Canada, Inc.
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
2,715
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.09

Investment Highlights

  • Single-Tenant Convenience Store: The property features a single-tenant convenience store without an active fuel station.
  • NNN Lease: The tenant is operating on a carefree NNN Lease with minimal Landlord responsibilities, with an expiry of January 31, 2028, plus an option to renew.
  • Strong Tenant Tenure: 7-Eleven has maintained a strong presence at this location since 1989, demonstrating exceptional tenant longevity and reliability.
  • Prime Location: Situated in the Downtown area on Proctor Street, the property is wellpositioned adjacent to RONA and other local businesses, schools, government services, and recreational facilities.
  • Population Base: Williams Lake is the largest urban center between Kamloops and Prince George, servicing a local population of nearly 11,000 and a trade area population exceeding 60,000.

Investment Overview

Marcus & Millichap REIS Canada Inc. is excited to present the exclusive opportunity to acquire four single-tenant fuel station and convenience store properties, each featuring triple-net (NNN) leases supported by a strong corporate covenant with 7-Eleven Canada, Inc. These properties offer a hands-free investment, making them perfect for an investor seeking well-located, cash flowing assets with a reliable rental income stream. Type: Three fuel stations with convenience stores and one convenience store only (no fuel station) Acquisition Options: Offered on an "AS IS, WHERE IS" basis. Vendor will entertain offers as a portfolio sale or individual basis Location: Exceptionally located within their respective markets on hard corners complemented by multiple access points Lease Structure: Carefree, corporately backed triple-net (NNN) leases Tenant: Longstanding and reliable, 7-Eleven Canada, Inc. with well-known branded fuel partners in Esso and Petro-Canada

Exclusively Listed By

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