435 5th St

Key facts

• Property type: Other
• Structure: Commercial Mix
• Transaction: For Sale
• Price: $889,900
• Interior size: 3,550 sqft
• Lot size: 4540
• Listing key: 29669412

Listing overview

Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained commercial building offers over 3,300 sq ft of prime retail space with three established tenants in place, generating $51,240 in annual income plus NNN. For investors, the advantage of triple net leases is clear, tenants cover operating costs such as taxes, insurance, and maintenance, creating a far more predictable and hands off investment compared to residential rentals where unexpected expenses can quickly impact returns. Two of the tenants have successfully operated here for over 20 years, providing outstanding long term stability, while the newest tenant secured their space after competing in a multiple offer for this highly sought after storefront location. Strong demand for Downtown Courtenay retail frontage continues to highlight the value of this asset. Located in one of the most vibrant...