INVESTMENT PROPERTY: Two tenant commercial investment property in downtown Parksville comprised of approximately 10,866 SF of building area with an actual cap rate of 5.76% based upon current NOI and the listing price. Both tenants offer strong covenant in the form of Liquor Barn and the very well - known Rod and Gun Pub operating in the City of Parksville since 1898. The pub was originally built 1898, the subject building underwent significant upgrades in 1994 including new wiring, plumbing, new patio, and windows. The freestanding liquor store structure was constructed in 2004 and is approximately 2,970 square feet. This offering represents a raze opportunity for an investor to acquire a secure investment and historic landmark on Vancouver Island. Contact listing agent for further details.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8