Single-Tenant Investment Opportunity | For Sale

585 England Ave, Courtenay, BC Canada

$2,800,000

Price

$93,193

NOI

5,885 sqft

Building Size

Overview
NOI
$93,193
Building Size
5,885 sqft
Lot Area
0.19 acres
Built/Renovated
1956 /1993 / 2005
Zoning
Commercial One Zone (C-1)
Parking Spots
6
Description

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.

TENANT HIGHLIGHTS
-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.

Highlights
  • 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).
Documents
Title
Offering Memorandum
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Location
Gallery