33 S Shore Rd, Lake Cowichan, BC

PRICE REDUCED | CAP RATE 7.45% The Vendor has exclusively retained Form Retail Advisors Inc. (the “Agent”) to facilitate the sale of its 100% freehold interest in 33 South Shore Road (the “Subject Property”). The Subject Property is a single-tenant, triple-net investment opportunity located in the Town of Lake Cowichan, located approximately 30 KM west of the Trans Canada Highway and the City of Duncan. - Large 39,400 square foot lot improved with a commercial building leased to FHC Enterprises Ltd., (corporate covenant of Fields, a regional grocery and household goods chain) who recently renewed their lease for a further five (5) years, expiring August 2022 - Strong regional covenant providing stable and consistent cash flow with significant future redevelopment potential, by way of waterfront residential development - Located in the central portion of the primary commercial development strip, with a mix of residential and commercial uses in the adjacent areas - Subject Property benefits from having five separate legal titles which allows for greater flexibility for development