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High Cap Rate Investment w/ Strong Tenant
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Auction #
437-1 -
Interior Space:
± 8,600 SF -
Lot Size:
±20,548 SF -
Transaction Fee:
5% Plus GST / HST -
Broker1.75%
Co-op:
High Cap Rate Investment w/ Strong Tenant
Retail Property For Sale in Lac Du Bonnet, MB
63 Second Street, Lac Du Bonnet, MB R0E 1A0RE/MAX Professionals and Future of Real Estate (FRE) are pleased to present the Online Auction Plus® Event (ALLOWS FOR CONTINGENCIES) for a Red Apple Store - ±8,600SF Retail Building on a 20,548SF Lot.
This is a fantastic investment opportunity to purchase a commercial building with an attractive cap rate and a well-established tenant.
INVESTMENT HIGHLIGHTS:
• Red Apple has been a tenant since 2005 and has renewed in February 2022 on a five-year term
• Strong retailer with a demonstrated history of longevity and success in rural markets
• 7% cap rate based on net rents on 8,600 SF
• Located on the main business thoroughfare between McArthur Ave & Park Ave
• Total land area is approximately 20,548 SF on two separate titles - Zoned Commercial Retail
• Large parking lot adjacent to the building with access off Park Avenue
Lac Du Bonnet Information:
Lac du Bonnet is a town in Manitoba, Canada, located 115 km (71 mi) northeast of Winnipeg on the west shore of the Winnipeg River. The local airport is only a ten-minute drive from the Red Apple location.
In the 2021 Census of Population conducted by Statistics Canada, Lac du Bonnet had a population of 1,064 living in 496 of its 549 total private dwellings, a change of -2.3% from its 2016 population of 1,089.
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Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Professionals
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
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Lac Du Bonnet, MB
Canada -
Property Type: Commercial Property
-
Interior Space: ± 8,600 SF
-
Lot Size: ±20,548 SF
-
Transaction Fee: 5% Plus GST / HST
-
Broker Co-op: 1.75%
RE/MAX Professionals and Future of Real Estate (FRE) are pleased to present the Online Auction Plus® Event (ALLOWS FOR CONTINGENCIES) for a Red Apple Store - ±8,600SF Retail Building on a 20,548SF Lot.
This is a fantastic investment opportunity to purchase a commercial building with an attractive cap rate and a well-established tenant.
INVESTMENT HIGHLIGHTS:
• Red Apple has been a tenant since 2005 and has renewed in February 2022 on a five-year term
• Strong retailer with a demonstrated history of longevity and success in rural markets
• 7% cap rate based on net rents on 8,600 SF
• Located on the main business thoroughfare between McArthur Ave & Park Ave
• Total land area is approximately 20,548 SF on two separate titles - Zoned Commercial Retail
• Large parking lot adjacent to the building with access off Park Avenue
Lac Du Bonnet Information:
Lac du Bonnet is a town in Manitoba, Canada, located 115 km (71 mi) northeast of Winnipeg on the west shore of the Winnipeg River. The local airport is only a ten-minute drive from the Red Apple location.
In the 2021 Census of Population conducted by Statistics Canada, Lac du Bonnet had a population of 1,064 living in 496 of its 549 total private dwellings, a change of -2.3% from its 2016 population of 1,089.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Professionals
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.