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Nanaimo single-tenant retail on NNN lease sells for $2.65 million

Kal-Tire outlet is on Island Highway and on a long-term triple-net corporate lease.
Marcus & Milllichap, Vancouver, for Western Investor
kal-tire-blue
Marcus & Milllichap, Vancouver, for Western Investor

Property type: Retail

Location: 6590 Island Highway N., Nanaimo, B.C.

Type of deal: Off-market with long-term tenant in place.

Price: $2.65 million

Brokerage: Marcus & Milllichap, Vancouver.

Brokers: Jon Buckley, Joe Genest, Curtis Leonhardt and Andrew Gormley (associate).