Retail for sale
418 Yellowhead Highway, Burns Lake - Town, Burns Lake
$1,859,000
Features
Floor Area
10,488 sqft
Lot Size
39,480 sqft
Gross Property Tax
$24,021.05 /year
Building Type
See Realtor Remarks
Zoning
C1
Description
7.07% cap rate retail building fully tenanted by and Rx Drug Mart 1.0.A. pharmacy banner owned by Neighbourly Pharmacy, one of Canada's largest pharmacy operators with 290+ locations across the country. New 5-year renewal just executed with contractual term until April 30, 2030 and 2 x 5 year renewal options thereafter. Brand new roof just put on the building and multiple other upgrades completed recently. Opportunity to purchase a centrally located building within Burns Lake's commercial core with strong cash flow and a stable necessity-based tenant.
MLS® Number C8073265