Shopping Strip
232 Bridge St. Princeton, B.C.
232 Bridge St, Princeton, BC V0X 1W0
Listing Price: $2,570,000
Investment Overview
We are pleased to present the opportunity to acquire 232 Bridge Street, Princeton, B.C., (the "Subject Property"). The Subject Property is anchored by Shoppers Drug Mart under a net lease structure and also includes a second-floor residential unit, providing diversified income. Shoppers has operated at this location since 2009 and has recently exercised a five-year renewal, ensuring continued occupancy by a strong, daily-needs retailer with a corporate covenant.
232 Bridge St. Princeton, B.C.
Investment Highlights
- Anchored by Shopper's Drug Mart, Canada's largest pharmacy retailer, under a five-year net lease running through Sept 30, 2030.
- Includes additional second-floor residential unit providing diversified rental income.
- Net lease structure with Shoppers paying base rent plus proportionate share of taxes. insurance, and operating costs, subject to landlord responsibility for major structural and HVAS replacement.
- Downtown Princeton location with strong visibility, surface parking, and cross-access with liquor store and Re/Max.
- The Subject Property is well-positioned to acter to the daily needs of Princeton's residents, commuters, and year-round tourists.
- Shoppers Drug Mart is Canada's leading pharmacy retailer with more than 1,300 pharmacist-owned locations across the country. In 2014, Shoppers Drug Mart was acquired by Loblaw Companies Limited, Canada's food and pharmacy leader, with a market capitalization of 38 billion* and over 221,000 employees.
- *BC Assessment.
Exclusively Listed By
Listing Price: $2,570,000
Investment Highlights
- Anchored by Shopper's Drug Mart, Canada's largest pharmacy retailer, under a five-year net lease running through Sept 30, 2030.
- Includes additional second-floor residential unit providing diversified rental income.
- Net lease structure with Shoppers paying base rent plus proportionate share of taxes. insurance, and operating costs, subject to landlord responsibility for major structural and HVAS replacement.
- Downtown Princeton location with strong visibility, surface parking, and cross-access with liquor store and Re/Max.
- The Subject Property is well-positioned to acter to the daily needs of Princeton's residents, commuters, and year-round tourists.
- Shoppers Drug Mart is Canada's leading pharmacy retailer with more than 1,300 pharmacist-owned locations across the country. In 2014, Shoppers Drug Mart was acquired by Loblaw Companies Limited, Canada's food and pharmacy leader, with a market capitalization of 38 billion* and over 221,000 employees.
- *BC Assessment.
Investment Overview
We are pleased to present the opportunity to acquire 232 Bridge Street, Princeton, B.C., (the "Subject Property"). The Subject Property is anchored by Shoppers Drug Mart under a net lease structure and also includes a second-floor residential unit, providing diversified income. Shoppers has operated at this location since 2009 and has recently exercised a five-year renewal, ensuring continued occupancy by a strong, daily-needs retailer with a corporate covenant.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
