617 9th Avenue is a 9,973 square foot, single-tenant asset situated on a 24,024 square foot lot across the street from the IGA at 614 9th Avenue. The property benefits from the neighbouring traffic from IGA and is one of only two department stores in the area. The property has been occupied by national tenant, The Bargain! Shop, since 2008 and has been the staple retail destination for Golden, BC.
The Bargain! Shop is owned by Red Apple Stores Inc., a wholly-owned subsidiary of BlackRock Capital Investment Corporation which has a market cap of $457.70M (Jan 2018) and operates a chain of 154 general merchandise stores, proudly serving Canadians in small communities. It is important to note that The Bargain! Shop is required to report sales as part of their lease obligations.