Overview
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. Located on Main Street, the town’s dominant commercial corridor, the property is the only full-service grocery store in Springhill and a key anchor for essential retail in the trade area. A Nova Scotia Liquor Corporation outlet, constructed by Sobeys at their cost and sublet to NSLC, further enhances the site’s customer draw and demonstrates the tenant’s long-term commitment to the location. With below-market rents, below-replacement-cost pricing, and a national covenant, the asset provides investors with secure income and strong fundamentals in a stable market.
Contact us about this listing & It's History
Neighborhood Information
Springhill, NS
Springhill, Nova Scotia, is a charming town steeped in rich history and located in the heart of Nova Scotia, Canada. Known for its coal mining past, the town offers a unique blend of natural beauty and historical attractions. Home to the Anne Murray Centre, a popular tourist attraction that honors the town's most famous daughter, and the Springhill Miners' Museum, which offers a glimpse into the life of coal miners in the 19th and 20th centuries, the town is a haven for history buffs.
Living in Springhill gives residents a small-town feel with access to numerous outdoor activities including hiking, fishing, and bird watching, thanks to the town's proximity to the Cumberland Trails and the Trans Canada Trail. However, it's worth noting that job opportunities in the town are limited and residents often have to commute to larger cities for work.
65
Living in Springhill offers a combination of small-town charm and outdoor activities making it appealing to those who prefer a slower pace of life. However, the lack of job opportunities can be a disadvantage. Overall, Springhill scores 65 out of 100 for livability.
Search Nearby Activities60
The schools in Springhill, such as the Springhill Junior Senior High School, provide quality education but there's a lack of variety in terms of educational institutions. As such, the town scores a 60 out of 100 for its school system.
Search Nearby Schools55
Entertainment options in Springhill are mostly limited to outdoor activities and historical attractions. The Anne Murray Centre and the Springhill Miners' Museum are worth visiting. However, the town lacks a vibrant nightlife and extensive dining options, giving it a score of 55 for entertainment.
Search Nearby Restaurants75
Springhill shines when it comes to outdoor activities, thanks to its location near the Cumberland Trails and the Trans Canada Trail. It's a great spot for hiking, bird watching, and fishing, earning the town an outdoor activities score of 75.
Walk Score - 56%About Your Relator®
Jessica Mugford
Meet Jessica Mugford, a dynamic and enthusiastic Realtor® based in the heart of Sydney, NS. Born and raised in this picturesque coastal city, Jessica brings a deep-seated passion and a comprehensive understanding of the local market to her role. Her journey in real estate began at RE/MAX Park Place, where she served as an administrative professional specializing in contract review. This experience has provided her with invaluable insights into the industry, enhancing her expertise in managing real estate transactions with finesse.
Jessica's love for travel has broadened her perspective, allowing her to appreciate diverse lifestyles and housing needs, making her an ideal advisor for clients seeking to navigate the complexities of the real estate market. Coupled with her exceptional customer service skills, Jessica is committed to offering personalized and effective real estate solutions.
With deep rooted entrepreneurial ties to the community, Jessica has the foresight to recognize independent real estate opportunities, propose growth strategies and guide her clients through effective and efficient closing processes.
With Jessica Mugford, you can expect nothing less than a professional, tailored approach.
Phone: (902) 322-1684
Email: jessicamugford@remax.net
Office: Sydney
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Monthly mortgage and property tax payments are estimates for which we bear no responsibility.
Homeowners could also be subject to mortgage insurance premiums, homeowners insurance premiums, and other costs.
Property Details
| On Market Date | 2025-11-12T22:29:05.7 |
| Off Market Date | 2025-12-12 |
| Price | $1,350,000.00 |
| Year Built | 1990 |
| Neighborhood | Northern Region |
| Location | Lat: 45.648520, Lng: -64.059630 |
| Square Feet | 10,588.00 |
| Lot Size | 59,492.00 59492 |
| Parking Features | Yes |
| Heating | Baseboard,Forced Air,Heat Pump -Ducted,Space Heater |
| Water Source | Municipal |
| Roof | Rolled |
| Flooring | See Remarks |
| Association Fee | 0.00 |
| Listing Office Name | MackCo Retail Partners Inc |
| Listing Agent | Peter MacKenzie |
| MLS® | 202527777 |
No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.