Auto Dealership
2275 Cliffe Ave
2275 Cliffe Ave, Courtenay, BC V9N 2L5
Listing Price: $1,780,000
Investment Overview
The Vendor has exclusively retained the Marcus & Millichap Western Canada NNN Group to facilitate the sale of its 100% freehold interest in 2275 Cliffe Avenue, Courtenay, B.C. (the “Subject Property”). The Subject Property comprises a freestanding automotive service facility tenanted by Midas, a nationally recognized automotive service brand, secured under a triple-net lease structure. In addition, a portion of the premises is leased to Kal Tire for storage purposes, providing supplementary rental income. This is a rare opportunity to acquire a stable, income-generating property with a NNN lease, minimal landlord responsibilities, and strong visibility in a high-traffic commercial corridor.
2275 Cliffe Ave
Investment Highlights
- NNN lease with minimal landlord responsibilities.
- Leased to Midas, a nationally recognized automotive service brand. 5,500 SF of yard space is leased to Kal Tire for storage, generating additional rental income.
- Prime exposure along Cliffe Avenue / Highway 19A (>10,500 VPD), the main commercial corridor servicing the greater Comox Valley.
- Consistent demand for repair and tire services, despite economic cycles, supporting long-term demand and stability for the tenants.
- Income Upside: Opportunity to renew Midas and Kal Tire at market rates upon lease expiry, increasing income by aligning rents with current market levels.
- Urban Corridor Designation: The Subject Property is in a key growth area under Courtenay's OCP, permitting mixed-use, commercial, and multi-unit residential development, including community services and supportive housing. The designation supports active ground-floor retail, walkability, transit access, and low- to high-rise buildings in a centrally located, infrastructure-supported corridor.
Exclusively Listed By
Listing Price: $1,780,000
Investment Highlights
- NNN lease with minimal landlord responsibilities.
- Leased to Midas, a nationally recognized automotive service brand. 5,500 SF of yard space is leased to Kal Tire for storage, generating additional rental income.
- Prime exposure along Cliffe Avenue / Highway 19A (>10,500 VPD), the main commercial corridor servicing the greater Comox Valley.
- Consistent demand for repair and tire services, despite economic cycles, supporting long-term demand and stability for the tenants.
- Income Upside: Opportunity to renew Midas and Kal Tire at market rates upon lease expiry, increasing income by aligning rents with current market levels.
- Urban Corridor Designation: The Subject Property is in a key growth area under Courtenay's OCP, permitting mixed-use, commercial, and multi-unit residential development, including community services and supportive housing. The designation supports active ground-floor retail, walkability, transit access, and low- to high-rise buildings in a centrally located, infrastructure-supported corridor.
Investment Overview
The Vendor has exclusively retained the Marcus & Millichap Western Canada NNN Group to facilitate the sale of its 100% freehold interest in 2275 Cliffe Avenue, Courtenay, B.C. (the “Subject Property”). The Subject Property comprises a freestanding automotive service facility tenanted by Midas, a nationally recognized automotive service brand, secured under a triple-net lease structure. In addition, a portion of the premises is leased to Kal Tire for storage purposes, providing supplementary rental income. This is a rare opportunity to acquire a stable, income-generating property with a NNN lease, minimal landlord responsibilities, and strong visibility in a high-traffic commercial corridor.
Exclusively Listed By
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