McAllister Place, Saint John, New Brunswick
519 Westmorland Road, Saint John, NB, E2J 3W9, CA
37,134 m²
Description
6.87% Cap Rate Triple Net Retail Investment Opportunity in Salmon Arm, BC. 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.
1.00% Cooperating Broker Commission + $25,000 Realtor Bonus on Completion
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Attributes
Asking price
MYR 7,725,000
Cap rate
6.87%
Building area net
887 m²
Occupancy
100%
WAULT
10.4 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 10.4 years (as of September 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
28 Oct 2025
