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9704 112th St

1,010 SF Retail Building Fort St John, BC V1J 7C7 $2,489,000 CAD ($2,464 CAD/SF) 5.74% Cap Rate

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Investment Highlights

Completely carefree 20-year NNN lease with term until August 2036 and contractual rental escalations every five years.
The tenant is responsible for all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.
Benefits from its prime exposure along the Alaska Highway (Highway 97), the arterial route servicing Fort St. John and its connecting and nearby towns

Ability to assume attractive in-place debt available at an interest rate of 4.39%
Strong performing location
The TDL Group Corp. is the licensing company for Tim Hortons, Canada's largest purveyor of coffee and baked goods with over 3,530 locations across CAN

Executive Summary

Marcus & Millichap REIS Canada Inc. is pleased to present for sale an opportunity to acquire a stand-alone Tim Hortons drive-thru located at 9704 112 Street, Fort St. John, B.C. (the "Subject Property"). The Subject Property represents a stable, income-producing asset operating on a carefree NNN lease secured by a corporate covenant, The TDL Group Corp.

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