Vacant-User
2673 Sooke Road
2673 Sooke Rd, Langford, BC V9B 1Y5
Listing Price: $3,360,000
Investment Overview
The Vendor has exclusively engaged the Western Canada NNN Group to facilitate the sale of its 100% freehold interest in 2673 Sooke Road, Langford, B.C. (the "Subject Property"). The two-storey building is fully leased on a triple-net (NNN) basis to GFL Environmental Services. While GFL Environmental Services was sold in 2025 by GFL Environmental Inc. to funds managed by Apollo and BC Partners, GFL Environmental Inc. remains liable under the lease through October 2029, providing investors with additional covenant support. Rent escalates annually with CPI through the current term and two five-year renewal options. Strategically located along Sooke Road (Highway 14) in one of British Columbia's fastest-growing municipalities, the property offers passive income today with future owner-user and long-term redevelopment potential.
2673 Sooke Road
Investment Highlights
- Income is secured by a triple-net (NNN) lease, with property taxes, insurance and operating expenses fully recoverable from the tenant and utilities paid directly by the tenant.
- Annual CPI-linked rent increases, with no cap, drive year-over-year yield growth and protect income against inflation.
- Leased to GFL Environmental Services, a leading environmental services operator. GFL Environmental Inc. (NYSE/TSX: GFL), with $6.6B in 2025 revenue, remains liable through October 2029.
- High-visibility frontage on Sooke Road (Highway 14), with approximately 20,700 vehicles per day (VPD).
- 5,791 SF of office, warehouse and shop space with approximately 19 ft clear height, two grade-level loading doors and a rear truck yard.
- Low site coverage of just 29%, combined with the Corridor OCP designation supporting up to six storeys (subject to rezoning), provides significant long-term redevelopment potential.
Exclusively Listed By
Listing Price: $3,360,000
Investment Highlights
- Income is secured by a triple-net (NNN) lease, with property taxes, insurance and operating expenses fully recoverable from the tenant and utilities paid directly by the tenant.
- Annual CPI-linked rent increases, with no cap, drive year-over-year yield growth and protect income against inflation.
- Leased to GFL Environmental Services, a leading environmental services operator. GFL Environmental Inc. (NYSE/TSX: GFL), with $6.6B in 2025 revenue, remains liable through October 2029.
- High-visibility frontage on Sooke Road (Highway 14), with approximately 20,700 vehicles per day (VPD).
- 5,791 SF of office, warehouse and shop space with approximately 19 ft clear height, two grade-level loading doors and a rear truck yard.
- Low site coverage of just 29%, combined with the Corridor OCP designation supporting up to six storeys (subject to rezoning), provides significant long-term redevelopment potential.
Investment Overview
The Vendor has exclusively engaged the Western Canada NNN Group to facilitate the sale of its 100% freehold interest in 2673 Sooke Road, Langford, B.C. (the "Subject Property"). The two-storey building is fully leased on a triple-net (NNN) basis to GFL Environmental Services. While GFL Environmental Services was sold in 2025 by GFL Environmental Inc. to funds managed by Apollo and BC Partners, GFL Environmental Inc. remains liable under the lease through October 2029, providing investors with additional covenant support. Rent escalates annually with CPI through the current term and two five-year renewal options. Strategically located along Sooke Road (Highway 14) in one of British Columbia's fastest-growing municipalities, the property offers passive income today with future owner-user and long-term redevelopment potential.
Exclusively Listed By
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