Office for sale
9903 102 Street, Fort St. John - City SW, Fort St. John
$859,000
Features
Year Built
1960
Floor Area
4,260 sqft
Lot Size
7,363 sqft
Gross Property Tax
$4,920.89 /year
Building Type
Mixed Use
Zoning
C2
Amenities
Fenced Yard
Description
Fully Leased Investment Property / Long-Term Triple Net Lease / 10.35% Cap Rate/ An excellent opportunity to acquire a fully leased commercial investment property with a secure, long-term tenant in place. This 4,260 sq. ft. building has been built for licensed daycare operations and is now secured under a brand new 10-year Triple Net (NNN) lease beginning in 2024. With an asking price like this, this asset offers an attractive initial cap rate of 10.35%, with upside as rents escalate in the second half of the lease. The tenant has demonstrated strong operational performance in the daycare sector, ensuring long-term value and low vacancy risk.
MLS® Number C8068819