Executive Vice President, Retail

Brodie Henrichsen

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) has been retained on an exclusive basis to arrange the sale of a 100% freehold interest in #1,2,3 – 270 Hudson Avenue Northeast (the “Property” and/ or “Offering”). The Offering represents a rare opportunity to acquire 9,544 sf of centrally located strata retail area on a long-term triple-net lease to one of Canada’s largest community-focused pharmacy operators, Neighbourly Pharmacy.

The Opportunity

Stable long-term income profile with a year 1 cap rate of 6.61%, encompassing 100% of the ground floor area of the building.

Amenity-rich and central location in Downtown Salmon Arm, at the crossroads of Hudson Avenue Northeast and Ross Street Northeast.

Attractive WALT of 10.4 years (as of September 1, 2025) to a Pharmasave banner owned by Neighbourly Pharmacy, Canada’s largest community-focused pharmacy operator with over 290 locations across Canada.

Care-free triple net lease structure with multiple rental rate escalations remaining.

1,2,3 - 270 Hudson Avenue NE

Toronto

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1,2,3 - 270 Hudson Avenue NE

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