Freestanding Walmart

200 MANITOBA 10, FLIN FLON, MB

The property is situated in the East side of Flin Flon, East of Ross Lake, and approximately 1 km from the provincial Manitoba and Saskatchewan border. The property offers premium visibility and access along Channing Drive and Manitoba provincial Highway 10, two arterial thoroughfares providing access to the surrounding communities north and south of the City. The site is situated on a 6.49 acre lot in the eastern retail node of Flin Flon. The site is adjacent to an established affluent residential community with over 6,800 residents living within a 10 km radius, and an average household income of $107,165. The property is also in close proximity to the town of Creighton, Saskatchewan (approximately 5 km away; population of 1,400).

The area surrounding the property is home to many national retailers including Tim Hortons Co-Op, McDonald’s, Canadian Tire, Victoria Inn, and many more. In addition to its easily accessible location, the site benefits from its 373 stall parking lot – a significant advantage for consumers compared to other retailers in the city.

The property offers the investor secure future cash flow with the Walmart Canada Corp. lease extended to November 13, 2027.

Purchase Price: $3.95M

Total Units: 1

Total SQ: 63,439

Occupany Rate: 100% (As of April 30, 2024)

Neighbourhood/Location​

Property Management

Virtus Asset Management Inc.

Market Analysis

Flin Flon, MB is in central Canada and straddles the provincial boundary between Manitoba and Saskatchewan with most of the city located in Manitoba. The city is incorporated and jointly administered by both provinces. Flin Flon services its residents and all surrounding communities. The city is accessible by Manitoba Provincial Trunk Highway 10, Saskatchewan Highway 106 and Saskatchewan Highway 167. The site is serviced by Flin Flon Transit, Northern Bus Lines, Calm Air at the Flin Flon Airport and the Hudson Bay Railway. The city is reconnected to Churchill via the rebuilt One North rail line establishing Flin Flon as a popular tourist stop along the polar bear line. Located in the Canadian Shield, the city is nicknamed “the city built on rock” and benefits from its scenic location, lakes, forests and parks appealing to both tourists and residents.