The Vendor has retained Form Retail Advisors Inc. and National Retail Group (the “Co-Listing Agents”) to facilitate the sale of 617 9th Avenue located in Golden, BC (the “Subject Property”).
617 9th Avenue is a 9,973 square foot, single-tenant asset on a 24,024 square foot lot. The Subject Property is 100% occupied by The Bargain! Shop, and is one of only two department stores in the area.
Highlights Include:
- 9,973 square foot, single-tenant asset on a 24,024 square foot lot, 100% occupied by The Bargain! Shop.
- Quality tenant signed to a long-term lease with stable income stream and has been in place since 1990.
- The property benefits from the neighbouring traffic from IGA and is one of only two department stores in the area.
- Year 1 NOI is $75,794.
Offered at $1,125,000 (~6.75% cap rate)