Investors showed strong demand in 2016 for single-tenant, net-leased assets with quality covenants and have continued this trend well into 2017. Although interest rates have risen as of late and are expected to be on a continued upward trend, they remain relatively low from historical standards. Despite rising interest rates investors are not showing any immediate signs of shying away from quality assets. Most of Form’s activity has been, and continues to be, in British Columbia, but we have seen some BC based investors turn their attention to other markets such as Alberta and Saskatchewan, in an effort to secure higher yields. Form anticipates a strong finish to 2017 with demand for single-tenant assets remaining stable throughout 2018.
Current Single-Tenant Sales Overview 2017 Year to Date:
- Tim Hortons Vernon – 2601 Highway 6 in Vernon, BC
- KFC – 3663 Dewolf Way, Merrit BC
- Sundial Crescent – Whistler, BC
- Husky – 2610 Ross Road, West Kelowna, BC
- 5650 Dunbar Street, Vancouver, BC
- Chiliwack Envision – 45410 Luckakuck Way, Chiliwack BC
- Bank of Montreal – 3695 West 4th Avenue, Vancouver, BC
- JJ Bean – 4287 Fraser Street, Vancouver, BC
- Suzanne’s and Jenny’s – 318 6th Street and 4809 50th Street, Lethbridge AB
- FIRM – 8181 Cambie Road, Richmond, BC
- Under Contract – Tim Hortons – 9704 112 Street, Fort St. John, BC
- Available – Tim Hortons – 10392 Scott Road, Surrey, BC
- Available – Shoppers – 6760 Madill Road, Prince George, BC
- Available – 1789 East Trans-Canada Highway, Kamloops, BC
- Available – 33 South Shore Road, Lake Cowichan, BC
- Available – Western Canada Single-Tenant Portfolio