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Home NS Greater New Glasgow Pictou County Westville
1863 Main Street
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1863 Main Street $1,125,000
Conditionally Sold
$1,125,000
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1863 Main Street
Westville, Nova Scotia B0K0A8

MLS® Number: 202527776

Listing Description

This freestanding Foodland property is leased on a fully net basis to Sobeys, with the tenant responsible for all maintenance, repair, replacement to the premises and operating costs including, without limitation, the roof membrane, roof deck and flashing, HVAC, non-load bearing walls and parking facilities; the landlord is responsible for a very narrow definition of structure as defined in the lease. Strategically positioned on North Main Street, it anchors Westvilles primary commercial corridor and serves as the towns dominant grocery store. The property also includes a Nova Scotia Liquor Corporation outlet constructed by Sobeys at their cost and sublet to NSLC a capital investment that underscores Sobeys confidence in the site. With below-market rents, below-replacement-cost pricing, and a strong national covenant, this asset offers secure income and durable fundamentals in a stable market. (231624909)

Location Description

North Main Street in the heart of Westville.

Property Summary

Property Type
Retail
Community Name
Westville
Title
Freehold
Land Size
5.7688 ac
Built in
1963
Parking Type
Paved Yard
Time on REALTOR.ca
34 days

Building

Interior Features
Flooring
Other
Heating & Cooling
Cooling
Heat Pump
Utilities
Water
Municipal water
Business
Business Type
Other (Other)
Parking
Parking Type
Paved Yard

Measurements

Total Finished Area
9900 sqft
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Peter MacKenzie