1,2,3 - 270 Hudson Ave NE, Salmon Arm
270 Hudson Ave NE, Salmon Arm, BC, V1E 3B8, CA
R 33,631,000 | 887 m²
Description
Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to present the opportunity to purchase a 100% freehold interest in a Portfolio of three (3) pharmacy-anchored retail assets across British Columbia and Alberta (the “Portfolio”). The Portfolio is anchored by a roster of Canada’s largest pharmacy operators including Rexall, Rx Drug Mart I.D.A. (Neighbourly Pharmacy), and Shoppers Drug Mart, encompassing 91.4% of Portfolio base rent and a pharmacy weighted average lease term of 5.5 years. This necessity-based Portfolio is located in the stable secondary markets of Port Hardy, Burns Lake, and Westlock, with limited pharmacy competition in the immediate area and excellent exposure in each respective markets commercial core. The Vendor will assess offers on a Portfolio basis or as individual assets.
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Attributes
Properties
3
Asking price
R 103,757,000
Cap rate
6.98%
Building area net
3,467 m²
Occupancy
100%
WALT
5.1 years
BC & AB Pharmacy-Anchored Retail Portfolio (3 Properties)
BC & AB Pharmacy-Anchored Retail Portfolio (3 Properties)
Media
Investment Highlights
- 3 properties, totalling 37,322 sf of net rentable area and 3.36 acres of land
- 100% leased with 91.4% of base rent stemming from Rexall, Rx Drug Mart I.D.A., and Shoppers Drug Mart
- Portfolio WALT of 5.1 years and pharmacy tenant WALT of 5.5 years (as of February 1, 2026)
- Diversified locations across British Columbia (Port Hardy, Burns Lake) and Alberta (Westlock)
- Extensive repairs and maintenance completed by current ownership
Contact brokers
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
23 Sep 2025
