A Tim Hortons in a prominent Vernon location has sold for over $2.7 million, according to Joe Genest of Form Retail Advisors Inc.
The 2,700-square-foot freestanding building with drive-thru is leased on a long-term, triple-net and carefree basis by TDL Group Inc., operating as Tim Hortons. The fast food restaurant is situated on an 18,000-square-foot lot near the Polson Gateway area. The restaurant’s location serves as the initial retail destination for all traffic entering the city. The sale was co-brokered by Boe Iravani of Cushman & Wakefield.
The property is located at 2601 Highway 6, Vernon.
Breakdown:
Price: $2,775,000
Lot Size: 18,000 SF
Property Type: Retail
Zoning: C4
2016 B.C. Assessment Value: $1,449,000
Date of Sale: 06/15/2017
City: Vernon
Province: B.C.
Name of Brokerage: Form Retail Advisors Inc. and Cushman & Wakefield
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