670 Rue Principale
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670 Rue Principale
4,021 SF 100% Leased Retail Building Ste-Agathe-des-Monts, QC J8C 1L2 $2,400,000 CAD ($597 CAD/SF) 5.02% Cap Rate
Investment Highlights
- Prime location on rue Principale Est, the main commercial artery in Sainte-Agathe-des-Monts
- High traffic area with easy access to and from Highway 15 and local roads, making it a convenient destination for locals and tourists alike
- The property was renovated and leased to the new tenants in 2021, limiting future capital expenditures for potential purchasers
- Ideal for investors seeking stable, long-term income from quality tenants, with limited landlord responsibilities
- Drive thru and ample on-site parking for customers and tenants
Executive Summary
Located in a residential area just a 20-minute walk from Lac des Sables, this property serves as a key destination for essential services and amenities for both local residents and tourists. The Property is occupied by two tenants with long-term leases, which include rent escalations and options that provide potential for revenue growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,021 SF
Building Class
C
Year Built/Renovated
1991/2009
Price
$2,400,000 CAD
Price Per SF
$597 CAD
Cap Rate
5.02%
NOI
$120,480 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.78 AC
Zoning
C1, C3, C5, C7-8, C12,C14
Nearby Major Retailers
1 of 9
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670 Rue Principale
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