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Business For Sale · Retail

7408 HIGHWAY 101, Powell River

7408 HIGHWAY 101, Powell River, BC V8A4Z2

$5.2M total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

85%

Lot Size

4.46 ac

About this property

An established and well-located multi tenant investment property, this 4.5 acre site includes the following tenants: Retail gas bar (Canco), Propane sales (Superior Propane), Card lock fuel sales (Parkland/Columbia). In addition to these operations, the property also includes: 72 individual storage units in 4 separate buildings, and a SFD home with 2 suites. The home and storage facility are operated by the Vendor (will consider leasing back storage), Fuel operations are tenants. Offering expansion potential, long term leases and high-quality national tenants, this property is an excellent investment opportunity with an incredible yield of 8%. Additional immediate income generation is possible through the leasing of a newly constructed auto service bay, in addition to open yard storage for RVs, boats, equipment etc. Powell River is a popular Sunshine Coast community that is expected to see renewed growth with the future development of the former Tis'kwat Mill. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$5.20M
Down payment30% · $1.56M
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$24K

Projected NOI

$303K

Annual cash flow

$15K

Cash-on-cash

0.95%

DSCR

1.05

Going-in cap

5.83%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

65,579

Households

22,766

Median income

$77,500

Median age

44.8

Daytime population

59,481

5-yr growth

2.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 7408 HIGHWAY 101, Powell River.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.