Turnkey income investment in the heart of downtown Kelowna. This 967 SF strata unit is leased to an established hair salon on a 5-year triple net lease (commencing June 1, 2026, with a 5-year renewal option), providing immediate, stable cash flow with built-in 3% annual rent escalations. In-place income of $26,669.86/year ($27.58/SF, NNN) reflects a cap rate of approximately 5% at the list price of $535,000. Tenant has one reserved parking stall in the buildings parking garage. A low-maintenance, hands-off investment with a strong downtown location and a proven, established tenant. (id:4069)
Address
1350 St Paul Street Unit# 102
List Price
$535,000
Property Type
Retail
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Floor Area
967 Sq. Ft.
Maint. Fee
$394.20
MLS® Number
10396878
Listing Brokerage
Coldwell Banker Horizon Realty
| Royal LePage Kelowna
Postal Code
V1Y2E1
Building
