Unconditional accepted offer in place - Pending Sale Date June 14, 2021.
The Port Hardy Home Hardware Centre, which also includes Hardy Sound (dba The Source) and the Koffee Hut, offers the Investor a very attractive 8% cap rate on a stable long term income stream - at today's low financing costs, the return on Equity is estimated in the high teens. The property has been anchored by Home Hardware since it was constructed in 1995. There is generous on-site visitor and staff parking and high exposure from being directly opposite the main regional mall (Thunderbird Mall). The 2.4 acre site with flexible C-3 zoning offers the owner expansion upside. Port Hardy continues to see significant inflow of investment capital bringing with it new homes, businesses and population growth.