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270 Hudson NE ave 9,544 sq ft Retail Property Salmon Arm, BC V1E 3B8 £1,407,192 (£147.44/sq ft) 6.87% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Amenity-rich and central location in Downtown Salmon Arm, at the crossroads of Hudson Avenue Northeast and Ross Street Northeast
- Care-free triple net lease structure with multiple rental rate escalations remaining.
EXECUTIVE SUMMARY
The Offering:
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) has been retained on an exclusive basis to arrange the sale of a 100% freehold interest in 3 contiguous retail strata units at #1,2,3 – 270 Hudson Avenue Northeast (the “Property” and/or “Offering”). The Offering represents a rare opportunity to acquire 9,544 sf of centrally located strata retail area on a long-term triple-net lease to one of Canada’s largest community-focused pharmacy operators, Neighbourly Pharmacy.
Investment Highlights:
• Amenity-rich and central location in Downtown Salmon Arm, at the crossroads of Hudson Avenue Northeast and Ross Street Northeast
• Attractive WALT of 10.8 years (as of April 1, 2025) to a Pharmasave banner owned by Neighbourly Pharmacy, Canada’s largest community-focused pharmacy operator with over 290 locations across Canada
• Care-free triple net lease structure with multiple rental rate escalations remaining.
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) has been retained on an exclusive basis to arrange the sale of a 100% freehold interest in 3 contiguous retail strata units at #1,2,3 – 270 Hudson Avenue Northeast (the “Property” and/or “Offering”). The Offering represents a rare opportunity to acquire 9,544 sf of centrally located strata retail area on a long-term triple-net lease to one of Canada’s largest community-focused pharmacy operators, Neighbourly Pharmacy.
Investment Highlights:
• Amenity-rich and central location in Downtown Salmon Arm, at the crossroads of Hudson Avenue Northeast and Ross Street Northeast
• Attractive WALT of 10.8 years (as of April 1, 2025) to a Pharmasave banner owned by Neighbourly Pharmacy, Canada’s largest community-focused pharmacy operator with over 290 locations across Canada
• Care-free triple net lease structure with multiple rental rate escalations remaining.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
9,544 sq ft
Year Built
2000
Price
£1,407,192
Price per sq ft
£147.44
Yield
6.87%
NOI
£96,674
Tenancy
Single
Number of Floors
2
Walk Score®
Easily Walkable (86)
NEARBY MAJOR RETAILERS
1 of 2
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270 Hudson NE ave
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