Shopping Neighborhood
2703 Hwy 97 N
2703 Hwy 97 N, Kelowna, BC V1X 4E8
Listing Price: $6,180,000
Investment Overview
Marcus & Millichap’s Western Canada NNN Group is pleased to present a triple net (NNN) investment opportunity located at 2703 Highway 97 N, Kelowna, B.C. Located on a signalized corner with direct frontage on Highway 97—the main north–south route to the Northern Okanagan—the site offers excellent visibility and access. Anchored by national tenants Starbucks Coffee Canada Inc. and A&W Food Services of Canada Inc., the property features two drive-thrus and exposure to over 61,600 vehicles per day (VPD). The NNN lease structure and strong corporate covenants provide minimal landlord responsibilities, stable cash flow, and long-term value in a high-traffic highway location.
2703 Hwy 97 N
Investment Highlights
- Both Starbucks and A&W are operating under carefree, triple- net (NNN) leases, offering investors stable, passive income with minimal landlord obligations.
- Current rents are significantly below market, representing material income upside in the near to medium term.
- High-profile corner location in central Kelowna with direct frontage along Highway 97; one of B.C.'s busiest corridors, seeing over 61,600 VPD.
- 11.5% site coverage with two standalone QSR buildings, each with separate drive thrus—an exceptionally rare offering in high- traffic urban corridors.
- Secured by nationally recognized tenants—Starbucks (38,000+ global stores) and A&W, Canada's second-largest burger chain with 1,000+ locations—the property benefits from strong corporate backing and covenant strength.
Exclusively Listed By
Listing Price: $6,180,000
Investment Highlights
- Both Starbucks and A&W are operating under carefree, triple- net (NNN) leases, offering investors stable, passive income with minimal landlord obligations.
- Current rents are significantly below market, representing material income upside in the near to medium term.
- High-profile corner location in central Kelowna with direct frontage along Highway 97; one of B.C.'s busiest corridors, seeing over 61,600 VPD.
- 11.5% site coverage with two standalone QSR buildings, each with separate drive thrus—an exceptionally rare offering in high- traffic urban corridors.
- Secured by nationally recognized tenants—Starbucks (38,000+ global stores) and A&W, Canada's second-largest burger chain with 1,000+ locations—the property benefits from strong corporate backing and covenant strength.
Investment Overview
Marcus & Millichap’s Western Canada NNN Group is pleased to present a triple net (NNN) investment opportunity located at 2703 Highway 97 N, Kelowna, B.C. Located on a signalized corner with direct frontage on Highway 97—the main north–south route to the Northern Okanagan—the site offers excellent visibility and access. Anchored by national tenants Starbucks Coffee Canada Inc. and A&W Food Services of Canada Inc., the property features two drive-thrus and exposure to over 61,600 vehicles per day (VPD). The NNN lease structure and strong corporate covenants provide minimal landlord responsibilities, stable cash flow, and long-term value in a high-traffic highway location.
Exclusively Listed By
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