- Estimated Value: $2,650,000
- Return on Investment: 17%
- Lease Term: 15 years (April 2030)
- Capitalization Rate: 6.5%
This property is located near the town’s center, on Crowsnest Highway #3 from Alberta to Fernie and Cranbrook. Situated on 30,928 square feet of paved, serviced and landscaped land, the newly constructed free-standing building is approximately 2,700 square feet with double drive-thru and 44 seats. A 15-year triple net lease commenced in December 2015 with a further three renewal options each for five years.
According to the tenant, the first few months have been one of the best openings for Tim Hortons in the past few years and they fully expect this location to exceed initial sales projections.
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