Investment Services

Rexall Transactions

  • Transaction
  • Size / Leasable Area 14,354 SF + 8,982 SF + 12,268 SF / Total: 35,604 SF
  • Represented Vendor
  • Tenant / Anchor Rexall

Form Real Estate Advisors Inc. is pleased to announce the successful completion of three separate transactions of properties anchored by the national retailer, Pharmx Rexall Drug Stores (“Rexall”). All three opportunities are secured by long-term, carefree, triple net leases with built-in rental escalations over their remaining term.

4801 50 AVENUE  |  STONY PLAIN, AB  (see brochure here)

– Completed sale of the 12,268 SF freestanding Rexall drug store with drive-thru
– 100% occupied by Rexall with term remaining until September 2031
– Located on a high exposure corner along Stony Plain’s main thoroughfare (Highway 779)
– Listed and sold in conjunction with Grass Ridge Realty

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1880 ISLAND HIGHWAY  |  COLWOOD, BC

– Completed sale on an off-market basis from a Toronto based owner to a local private investor
– 14,354 SF multi-tenant retail building, 100% occupied by Rexall and Royal Bank of Canada
– Prominent location along Island Highway in Colwood, British Columbia
– Sale completed in conjunction with National Retail Group

– – –

912 DOUGLAS STREET  |  VICTORIA, BC

– Completed sale on an off-market basis to a Vancouver based private investor
– 8,982 SF freestanding retail building,100% leased to Rexall with term remaining until June 2026
– Situated in the heart of downtown Victoria at the high-profile intersection of Courtney & Douglas Street

 

 

We pride ourselves on local consumer knowledge and our recognized ability to identify and secure the best national, regional and independent retailers. Form Real Estate Advisors works with property owners to lease current and upcoming vacancies, as well as re-leasing properties requiring rejuvenation.

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