Commercial Property with Multifamily Redevelopment Upside
9 Boulevard Rene Levesque Est, Chandler, QC, G0C 1K0, CA
1,821 sm
Asset description
A rare opportunity to acquire 9,544 sf of ground floor strata retail area on a long-term triple-net lease to one of Canada’s largest community-focused pharmacy operators, Neighbourly Pharmacy. The tenant operates under a Pharmasave banner and has 10.8 years of contractual lease term remaining, with escalations throughout the lease. The Property is located in the amenity-rich and centrally located downtown of Salmon Arm at the crossroads of Hudson Avenue Northeast and Ross Street Northeast.
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Attributes
Building area net
887 sm
Occupancy
100%
Year built
2000
WAULT
10.8 years
Parcel
Strata
Media
Investment highlights
- Amenity-rich and central location in Downtown Salmon Arm, at the crossroads of Hudson Avenue Northeast and Ross Street Northeast
- Attractive WALT of 10.8 years (as of April 1, 2025) to a Pharmasave banner owned by Neighbourly Pharmacy, Canada’s largest community-focused pharmacy operator with over 290 locations across Canada.
- Care-free triple net lease structure with multiple rental rate escalations remaining.
Contact brokers
1,2,3 - 270 Hudson Ave NE, Salmon Arm (0 Properties)
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Last updated
Apr 10, 2025
