435 5th St

Exceptional investment opportunity in the heart of Downtown Courtenay. This well maintained 3,300+ sq ft commercial building offers three established tenants generating $51,240 annually plus NNN. Triple net leases provide investors with predictable income as tenants cover taxes, insurance, and maintenance, a huge advantage when comparing this investment to residential rentals where unexpected costs can quickly reduce returns. Two tenants have operated here for over 20 years, offering exceptional long term stability. The newest tenant secured their space after competing in a multiple offer to lease this highly sought after storefront location. Surrounded by high traffic businesses like Bigfoot Donuts, Hot Chocolates, and Scotia Bank, the property benefits from excellent exposure, nearby parking, two private parking stalls, individual heat pumps for each unit, and built in lease increases for reliable future growth and long term security.