Single-Tenant Investment Opportunity | For Sale

617 9th Avenue, Golden, BC Canada

$1,125,000

Price

6.75%

Cap Rate

$75,794

NOI

Overview
Cap Rate
6.75%
NOI
$75,794
Building Size
9,973 sqft
Lot Area
0.55 acres
Zoning
C2 - Mixed Use Commercial
Parking Spots
30
Description

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.

TENANT INFORMATION
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.

Documents
Title
Offering Memorandum
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Location
Gallery