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Marcus & Millichap NNN

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Marcus & Millichap NNN

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07/07/2023

We are pleased to have represented the vendor in the sale of a stand-alone, Tim Hortons drive-thru located at 394 Lerwick Road in Courtenay, B.C. 🚗 ☕️ 🍩

For more info on the sale and to learn more about our other QSR offerings, please reach out to a member of our group.

06/01/2023

🚘 FOR SALE | A&W DRIVE-THRU 🚗

We are excited to present the opportunity to acquire a single-tenant QSR in Calgary! The offering is leased to long-standing tenant, A&W Food Services of Canada Ltd. and is an excellent opportunity to acquire a carefree investment property.

05/09/2023

SOLD | 131 & 133 West 1st Street, North Vancouver, B.C.

Acquired by two separate end-users, this offering presented a unique opportunity to purchase exceptionally well-located ground floor commercial strata units in the desirable Lower Lonsdale neighbourhood.

📍 Located in the heart of Lower Lonsdale
🚶‍♂️Walking distance to Lonsdale Quay, SeaBus Terminal, and Shipyards District
✅ Well-suited for a variety of commercial uses

Please reach out to a member of our group for more details on this listing and for info on our other strata offerings in Metro Van!

02/16/2023

We are excited to present the opportunity to acquire 723 Pandora Avenue, Victoria, B.C., a secure, incoming producing asset, well-positioned in Victoria's downtown core.

Contact a member of our group for more info!

01/11/2023

We are pleased to announce the sale of Sandalwood Plaza in Kelowna, B.C. The Subject Property presented a rare opportunity to acquire a fully leased retail plaza located on a well-trafficked intersection in Kelowna. Our active marketing campaign generated significant interest, leading to a multiple offer bid-scenario.

Reach out to a member of our group for more info!

01/10/2023

We are excited to share with you our 2022 Single-Tenant NNN Sales Overview!

Despite the economic headwinds, our activity across Western Canada in the Single-Tenant investment sector exceeded our 2021 activity. While the ongoing rate hikes made cap rates hard to predict, we were able to maintain healthy transaction momentum by focusing on:

📍 Well-located product in primary markets and strong secondary markets with AAA tenants and landlord friendly NNN leases;
✅ immediate value-add opportunities through increases in both density and/or rental rates upon lease renewal or expiry; and
💲Vendor-take-back (“VTB”) and/or assumable mortgages offered at below-market financing.

Do not hesitates to reach out to a member of our group for a complete copy and more information.

11/24/2022

We are pleased to announce the sale of 7855 Kingsway, Burnaby, B.C. Fully leased with an investment grade tenant roster, the property is secured with long-term, carefree, NNN leases with some of the strongest retail tenants in Canada. Newly built with steel construction, the site represented an opportunity to secure a rarely available urban retail plaza situated on a major regional corridor in the third largest city in British Columbia. ⁠
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🔶 6,254 SF stable, income-producing investment property comprised of four daily-needs retail tenants with built-in rental escalations. ⁠
🔶 Located in the epicenter of a growth market and is situated in close proximity to master planned multifamily developments such as Kings Crossing (800 residences), Highgate Village (860 residences), and Southgate City (8,000 residences), further contributing to the ongoing densification. ⁠
🔶 The site is just off the major regional intersection of Kingsway and 10th Avenue which sees over 55,000 VPD combined.⁠
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⁠ ⁠ commercial real esate, real estate vancouver, real estate bc, market insight, single tenant, investment experts, sales, leasing

11/22/2022

Scalable development site with holding income and upside! We are pleased to present the opportunity to purchase 6401 Kingsway, Burnaby, B.C. (the "Subject Property"). Secured with short-term holding income, on two NNN leases, the Subject Property offers excellent development upside near Edmonds Town Centre and half-way between two SkyTrain stations. ⁠
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✔️ 0.75 acre site with 200 ft. of frontage along Kingsway and well-positioned for future mixed-use development. ⁠
✔️ The Subject Property is reportedly expected to be amalgamated into the Edmonds Town Centre Plan which is outlined to provide a mix of housing types to support the growing population base. ⁠
✔️ Sizable building at over 10,000 SF with near term lease expiries also providing opportunity for owner-users. ⁠
✔️ The Subject Property benefits from considerable holding income with escalations, and secured by two restaurant tenants, both operating on NNN leases until August 2028.⁠
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⁠ ⁠ commercial real esate, real estate vancouver, real estate bc, market insight, single tenant, investment experts, sales, leasing

11/21/2022

The market in Burnaby is HOT🔥. The City of Burnaby is the third largest city in Metro Vancouver, with an approximate population of 250,000 residents. Burnaby has a diverse demographic and robust local economy. Its central geographical positioning, enviable transit connectivity, and beautiful natural environments, make it a highly desirable city to live, work and play.⁠
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⁠commercial real esate, real estate vancouver, real estate bc, market insight, single tenant, investment experts, research brief

11/18/2022

Marcus & Millichap REIS Canada Inc. is pleased to present for sale an opportunity to acquire a stand-alone Tim Hortons drive-thru located at 9704 112 Street, Fort St. John, B.C. (the "Subject Property"). The Subject Property represents a stable, income-producing asset operating on a carefree NNN lease secured by a corporate covenant, The TDL Group Corp. ⁠
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✅ Completely carefree 20-year NNN lease with term until December 2036 and contractual rental escalations every five years ⁠
✅ Ability to assume attractive in-place debt available at an interest rate of 4.39% with an outstanding balance of $1,273,237.25 (as of Nov. 1, 2022) and maturity date of October 1, 2026. ⁠
✅ The tenant is responsible for all day-to-day management of the property including snow removal, landscaping, garbage removal, HVAC maintenance, etc.⁠
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⁠ ⁠ commercial real esate, real estate vancouver, real estate bc, market insight, single tenant, investment experts, sales, leasing

11/02/2022

Always striving to be the best at what we do. ⁠
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⁠ ⁠ commercial real esate, real estate vancouver, real estate group, real estate agent, single tenant, team work, values

10/19/2022

We are pleased to present for sale 13625 159 Street NW, Edmonton, AB (the “Subject Property”). The Subject Property presents an opportunity for an investor to acquire a single-tenant industrial building operating on a long-term NNN lease. Situated on a 6.59-acre site in the established Mistatim Industrial node of northwest Edmonton, the Subject Property consists of a commercial building, accessory storage building, and gravel storage yard and is entirely utilized by United Rentals of Canada, which have occupied the site since the improvements were developed in 2014.⁠
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Connect with our team for more info. ⁠
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⁠ commercial real esate, real estate alberta, real estate ab, market insight, single tenant, investment experts, edmonton real estate

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Courtenay, BC
V9N, V9J

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