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2988 16 HIGHWAY, Terrace, British Columbia, V8G 3T8

MLS® # C8060030
Commercial For Sale In Terrace, British Columbia
$1,280,000
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
2988 16 Highway, Terrace, BC
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ACTIVE
2988 16 HIGHWAY, Terrace, British Columbia, V8G 3T8
$1,280,000

Property Information:

Fully leased 2,880 square foot convenience store to a national tenant on 4.2 acres (sale of land and building only). Currently in the 5th year of a 5 year lease term with Circle K. Tenant has occupied the Property for over 20 years. In place net income generates a 6.33% cap rate on asking price. Opportunity to increase cap rate on upcoming renewal. For further lease details please inquire with listing broker. (id:27)

Property Features:

  • Property Type: Retail

Courtesy of: Coldwell Banker Horizon Realty

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 2988 16 HIGHWAY, Terrace, British Columbia, V8G 3T8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Significant

18 hot days expected in 2050

Projected Storm Risk: Exteme

15 storms expected in 2050

Projected Heat Risk: Significant

18 hot days expected in 2050

28/100

Significant

ClimateCheck®

Current data

This property, 2988 16 HIGHWAY , experiences 7 hot days per year at around 28.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 18 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past
28.9℃
2050
31.9℃

# Hot Days Per Year

Past
7
2050
18

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Exteme

15 storms expected in 2050

94/100

Exteme

ClimateCheck®

Current data

This property, 2988 16 HIGHWAY , experiences 12 significant 2-day storms per year, with about 496.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 15 significant 2-day storms with 618.8mm of precipitation per year.

Precipitation Per Storm

Past
496.1mm
2050
618.8mm

48-Hour Storms Per Year

Past
12
2050
15

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 2988 16 HIGHWAY, Terrace, British Columbia, V8G 3T8

Life Stage

Growing Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$102,653.93

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.79 %

High school certificate or equivalent

38.94 %

Apprenticeship trade certificate/diploma

11.0 %

College/non-university certificate

16.35 %

University Degree

9.92 %

Commuter

Travel To Work

By Car

91.21 %

By Public Transit

0.58 %

By Walking

6.0 %

By Bicycle

0.0 %

By Other Methods

2.21 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.89 %

Houses

97.11 %

Own Vs. Rent

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