Form Retail Advisors is pleased to announce the sale offering of 585 England Avenue located in Courtenay, BC (the “Subject Property”). The Subject Property features a 5,885 square foot, single storey bank branch occupied by The Bank of Montreal on a long-term, fully net, lease.
-One of the Big Five Banks in Canada, The Bank of Montreal is a highly diversified financial services provider with assets totaling $710 billion, a market cap of $62.37B (March, 2018) and employment of over 45,00 employees.
- BMO ranks as Canada’s fourth largest bank, serving customers through personal, business, public sector and institutional offices in Canada, the United States and 12 countries internationally.
Single-tenant financial institution secured by The Bank of Montreal (BMO) on a carefree, fully net, lease with term remaining until 2025.
Secure income stream with built-in rent escalations every year for the balance of the term.
Centrally located within the City of Courtenay, the urban, commercial core of the Comox Valley, which has recently been one of the fastest growing areas in British Columbia.
Positioned in close proximity to a wide variety of national, regional and local retailers including Home Hardware, Shoppers Drug Mart, Thrifty Foods and numerous Canadian financial institutions.
Strong corporate covenant: The Bank of Montreal is Canada’s fourth largest bank by total assets and has a market cap of $62.37B (March, 2018).
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