Vacant-User
9025 Granville Street, Port Hardy, B.C.
9025 Granville Street, Port Hardy, B.C., Port Hardy, BC V0N 2P0
Listing Price: $2,000,000
Investment Overview
investment - showcasing their commitment to the Subject Property and the
Port Hardy community.
Copilot said:
Marcus & Millichap has been exclusively retained to offer for sale the 100% freehold interest in 9025 Granville Street, Port Hardy, British Columbia (the “Subject Property”). The Subject Property is secured by a long-term absolute net ground lease to McDonald’s Restaurants of Canada Limited (“McDonald’s”), featuring contractual rent escalations through 2043 and two additional 10-year renewal options. McDonald’s funded and developed the restaurant and all site improvements at its sole cost and expense, representing a significant capital investment and demonstrating its long-term commitment to both the Subject Property and the Port Hardy market.
9025 Granville Street, Port Hardy, B.C.
Investment Highlights
- Leased to McDonald's Restaurants of Canada Limited, the Canadian subsidiary of McDonald's Corporation (NYSE: MCD), providing stable income backed by a corporate covenant.
- 20-year absolute net ground lease with built-in rent escalations every five years and two 10-year renewal options at Fair Market Rent.
- Tenant pays all property taxes, insurance, utilities, maintenance, repairs, and operating costs, offering passive, low-management ownership.
- The 5,112 SF restaurant, dual-lane drive-thru, and all site improvements were constructed and are owned by the tenant at its sole cost.
- Tenant-owned improvements eliminate landlord capital expenditure obligations and reinforce the tenant's long-term commitment to the location.
- Prominently located at Granville Street and Highway 19, directly across from Thunderbird Mall, Port Hardy's primary retail destination anchored by Save-On-Foods.
- Adjacent to a growing commercial node, with nearby amenities including Port Hardy Hospital, currently undergoing a $45 million expansion, fuel stations, and automotive services.
- Opened in November 2023, this modern drive-thru restaurant serves as the only McDonald's in the North Island trade area and benefits from significant tenant investment.
Exclusively Listed By
Vacant-User
9025 Granville Street, Port Hardy, B.C.
Listing Price: $2,000,000
Investment Highlights
- Leased to McDonald's Restaurants of Canada Limited, the Canadian subsidiary of McDonald's Corporation (NYSE: MCD), providing stable income backed by a corporate covenant.
- 20-year absolute net ground lease with built-in rent escalations every five years and two 10-year renewal options at Fair Market Rent.
- Tenant pays all property taxes, insurance, utilities, maintenance, repairs, and operating costs, offering passive, low-management ownership.
- The 5,112 SF restaurant, dual-lane drive-thru, and all site improvements were constructed and are owned by the tenant at its sole cost.
- Tenant-owned improvements eliminate landlord capital expenditure obligations and reinforce the tenant's long-term commitment to the location.
- Prominently located at Granville Street and Highway 19, directly across from Thunderbird Mall, Port Hardy's primary retail destination anchored by Save-On-Foods.
- Adjacent to a growing commercial node, with nearby amenities including Port Hardy Hospital, currently undergoing a $45 million expansion, fuel stations, and automotive services.
- Opened in November 2023, this modern drive-thru restaurant serves as the only McDonald's in the North Island trade area and benefits from significant tenant investment.
Investment Overview
investment - showcasing their commitment to the Subject Property and the Port Hardy community. Copilot said: Marcus & Millichap has been exclusively retained to offer for sale the 100% freehold interest in 9025 Granville Street, Port Hardy, British Columbia (the “Subject Property”). The Subject Property is secured by a long-term absolute net ground lease to McDonald’s Restaurants of Canada Limited (“McDonald’s”), featuring contractual rent escalations through 2043 and two additional 10-year renewal options. McDonald’s funded and developed the restaurant and all site improvements at its sole cost and expense, representing a significant capital investment and demonstrating its long-term commitment to both the Subject Property and the Port Hardy market.
Exclusively Listed By
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