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Shopping Neighborhood

Quesnel Plaza

450 Reid St, Quesnel, BC V2J 2M7

Listing Price: $8,380,000

Cap Rate
6.25%
Gross SF
44,205
Rentable SF
44,205
Price/Gross SF
$189.57
Lot Size
1.40 acres
Year Built
1972

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to announce for sale Quesnel Plaza, located at 450 Reid Street, Quesnel, B.C. (the "Subject Property"). The Subject Property presents the opportunity to acquire a fully-leased, multi-tenant retail plaza in downtown Quesnel. The Plaza is comprised of a rich mix of longstanding businesses, including Shoppers Drug Mart and RBC, who recently renewed for 10 years and 5 years respectively.

Investment Highlights

  • Fully-leased retail plaza located in the heart of Downtown Quesnel, well-anchored by the Royal Bank of Canada (tenant since 1972) and Shoppers Drug Mart (tenant since 1992)
  • Shoppers Drug Mart and RBC have both recently entered lease renewals of 10-years and 5-years, respectively
  • Historically strong occupancy levels with notable national covenants and strong long-term local operators with a weighted average tenant tenure of over 25 years

Exclusively Listed By

Shopping Neighborhood

Quesnel Plaza

Listing Price: $8,380,000

Cap Rate
6.25%
Gross SF
44,205
Rentable SF
44,205
Price/Gross SF
$189.57
Lot Size
1.40 acres
Year Built
1972

Investment Highlights

  • Fully-leased retail plaza located in the heart of Downtown Quesnel, well-anchored by the Royal Bank of Canada (tenant since 1972) and Shoppers Drug Mart (tenant since 1992)
  • Shoppers Drug Mart and RBC have both recently entered lease renewals of 10-years and 5-years, respectively
  • Historically strong occupancy levels with notable national covenants and strong long-term local operators with a weighted average tenant tenure of over 25 years

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to announce for sale Quesnel Plaza, located at 450 Reid Street, Quesnel, B.C. (the "Subject Property"). The Subject Property presents the opportunity to acquire a fully-leased, multi-tenant retail plaza in downtown Quesnel. The Plaza is comprised of a rich mix of longstanding businesses, including Shoppers Drug Mart and RBC, who recently renewed for 10 years and 5 years respectively.

Exclusively Listed By

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