Vacant-User
3955 Johnston Road
3955 Johnston Rd, Port Alberni, BC V9Y 5N4
Listing Price: $2,150,000
Investment Overview
The Vendor has exclusively retained Marcus & Millichap to offer for sale its 100% freehold interest in 3955 Johnston Road, Port Alberni, British Columbia (the "Subject Property"). The Subject Property is a single-tenant, net-leased convenience retail and fuel asset occupied by Circle K (Alimentation Couche-Tard Inc.), with annual rental escalations through the current term expiring April 2033 and four further five-year renewal options. Positioned on a signalized corner along Johnston Road (15,500 VPD), the city's primary commercial corridor and the gateway to Vancouver Island's west coast, the offering delivers stable, passive income backed by an institutional-grade covenant, complemented by an integrated fuel operation and drive-thru component.
3955 Johnston Road
Investment Highlights
- Occupied by Circle K, a subsidiary of Alimentation Couche-Tard (TSX: ATD), a leading global convenience and fuel retailer with 16,700+ stores, providing stable essential-service cash flow.
- Current term to April 2033 with annual rent escalations and four five-year renewal options, providing stable income growth and long-term durability beyond the initial lease term.
- Dual access at a signalized Johnston Rd (15,500 VPD) and Tebo Ave intersection, capturing strong local and transient traffic and reinforcing long-term commercial relevance.
- On-site drive-thru ATM enhances customer convenience and stickiness, while the dedicated lane offers future repositioning potential for quick-service restaurant (QSR) use.
- Copilot said: Port Alberni serves as the final commercial hub en route to Tofino, Ucluelet, Pacific Rim National Park, and Sproat Lake, drawing strong tourist traffic and enhancing appeal to out-of-market investors.
- Esso-branded gas bar with all fuel infrastructure owned by the Tenant at no cost to the Landlord, enhancing daily traffic and site productivity.
Exclusively Listed By
Listing Price: $2,150,000
Investment Highlights
- Occupied by Circle K, a subsidiary of Alimentation Couche-Tard (TSX: ATD), a leading global convenience and fuel retailer with 16,700+ stores, providing stable essential-service cash flow.
- Current term to April 2033 with annual rent escalations and four five-year renewal options, providing stable income growth and long-term durability beyond the initial lease term.
- Dual access at a signalized Johnston Rd (15,500 VPD) and Tebo Ave intersection, capturing strong local and transient traffic and reinforcing long-term commercial relevance.
- On-site drive-thru ATM enhances customer convenience and stickiness, while the dedicated lane offers future repositioning potential for quick-service restaurant (QSR) use.
- Copilot said: Port Alberni serves as the final commercial hub en route to Tofino, Ucluelet, Pacific Rim National Park, and Sproat Lake, drawing strong tourist traffic and enhancing appeal to out-of-market investors.
- Esso-branded gas bar with all fuel infrastructure owned by the Tenant at no cost to the Landlord, enhancing daily traffic and site productivity.
Investment Overview
The Vendor has exclusively retained Marcus & Millichap to offer for sale its 100% freehold interest in 3955 Johnston Road, Port Alberni, British Columbia (the "Subject Property"). The Subject Property is a single-tenant, net-leased convenience retail and fuel asset occupied by Circle K (Alimentation Couche-Tard Inc.), with annual rental escalations through the current term expiring April 2033 and four further five-year renewal options. Positioned on a signalized corner along Johnston Road (15,500 VPD), the city's primary commercial corridor and the gateway to Vancouver Island's west coast, the offering delivers stable, passive income backed by an institutional-grade covenant, complemented by an integrated fuel operation and drive-thru component.
Exclusively Listed By
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