The Vendor has exclusively retained Form Retail Advisors Inc. (the “Agent”) to facilitate the sale of its 100% freehold interest in 559, 559A, 575 & 583 Old Hope Princeton Way, located in the district municipality of Hope, BC (the “Subject Property”).
The Subject Property is a grocery and liquor anchored investment opportunity at the confluence of major Highways 3,5,7 and Highway 1 (Trans-Canada) which connects British Columbia east to west and north to south.
Save-on-Foods, owned by the Overwaitea Food Group which is a subsidiary of the Jim Pattison Group (revenue of $9.6 Billion in 2016 (BC Business)), current lease term runs until May 2026
Secure and stable income with Save-on-Foods and Chevron (land lease for Future Car Wash) accounting for 82% of the base rental revenue
Undeveloped vacant land offers ability for additional retail development, can accomodate a drive-thru
Long-term tenant leases with Weighted Average Lease to Expiry (WALE) of 7.9 years
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