4250 & 4280 Minto Road - Auto Repair FOR SALE


Castlegar, BC V1N 4C1
$1,420,000 CAD
604-398-4341
4250 & 4280 Minto Road, Castlegar, BC for Sale
$1,420,000 CAD
Auto Repair - FOR SALE
1/3
null | 6.41% Cap Rate

4250 & 4280 Minto Road
Castlegar, BC V1N 4C1


HIGHLIGHTS

  • Tenant: Kal Tire is one of Canada’s most recognized automotive brands, operating for over 70 years with more than 260 retail locations nationwide.
  • Lease Structure: NNN leases with corporate covenant and minimal landlord responsibilities; each property is a corporately owned Kal Tire location.
  • New Long-Term Lease: Operating on brand-new 10-year leases with built in rental escalations and renewal options
  • Location: These properties are strategically located in highly visible, prime areas within their respective markets
  • Environmental: Phase I & II Environmental Reports will be shared upon execution of a CA, ensuring a smooth due diligence period for prospective buyers
  • Acquisition Options: The Vendor will entertain offers as a portfolio sale or individual basis

OVERVIEW

Marcus & Millichap's Western Canada NNN Group is marketing for sale a highly coveted portfolio of seven (7) Kal Tire properties spanning across British Columbia, ranging from Vancouver Island to the Lower Mainland, Highway 99 Corridor, Okanagan and Kootenay regions. Each property is secured with a long-term, carefree, triple-net (NNN) lease with corporate covenant, Kal Tire Ltd. commencing March 1, 2025. With over 70 years of operations, Kal Tire has established itself as a trusted name in the automotive industry with more than 260 stores across Canada. The vendor will consider offers on a portfolio and individual basis.

FOR SALE DETAILS

PRICE

$1,420,000 CAD

PRICE/SF

$138 CAD /SF

CAP RATE

6.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

C2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joe GenestMarcus & MillichapMore Info
604-398-4341

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Joe GenestMarcus & MillichapMore Info
604-398-4341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.