Lee
Phone Gemma
101 A 566 Lougheed Hwy
Coquitlam Bc, BC
Canada V3K 3S3
Details
Address | 9939 Highway 101 |
Area | Powell River |
Sub Area | PR Powell River South |
State/Province | British Columbia |
Country | Canada |
Price | $2,648,000 |
Property Type | Building and Land |
MLS® # | 18491 |
This mixed-use property offers strong cash flow and future development potential. It includes two sections: Section A features a commercial building leased to a grocery and liquor store, generating reliable income under a 18-year NNN lease. The tenant covers property taxes, insurance, and maintenance, ensuring minimal landlord involvement. Section B is a vacant lot with significant development potential, offering flexibility for future commercial or retail projects. With a projected rental profit of $ 1.8 million over the next 18 years and 2% annual rent increases, this property is a solid investment. Whether seeking consistent returns or long-term growth, this opportunity in the vibrant Powell River market is not to be missed. A solid investment opportunity with minimal landlord involvement. Invest today in this prime location with a stable lease and exciting future possibilities!