The Vendor has exclusively retained Form Real Estate Advisors Inc. (the “Agent”) to facilitate the sale of its 100% freehold interest in 559, 559A, 575 & 583 Old Hope Princeton Way, located in the district municipality of Hope, BC (the “Subject Property”). The Subject Property is a grocery and liquor anchored investment opportunity at the confluence of major Highways 3,5,7 and Highway 1 (Trans-Canada) which connects British Columbia east to west and north to south.
- Secure and stable income with Save-on-Foods and Chevron (land lease for Future Car Wash) accounting for 82% of the base rental revenue
- Undeveloped vacant land offers ability for additional retail development, can accommodate a drive-thru
- Adjacent Chevron gas station currently holds a land lease on an undeveloped portion of the Subject Property, with future plans to develop an automated car wash
Asking Price: $9,280,000 (4.56% cap rate)