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$1,950,000
Est. payment /mo
3,663 SqFt
Active
7205 PIONEER AVENUE|Agassiz Agassiz, BC V0M1A3
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3663
Square Footage 3,663 sqft
Price per Sqft $532
MLS® Listing ID C8081003
Year Built 1956
Lot Size 8,276 Sqft
Acres 0.19
Property Description
FULLY LEASED INVESTMENT OPPORTUNITY "” BUILDING & LAND ONLY. Fully renovated freestanding 3,663 SF building on 8,415 SF lot in the heart of Agassiz. Secure income from a 10-year net lease (to July 2035) w/ ~9 years remaining, featuring built-in annual rent escalations plus a 15% management fee recovery "” a 5.42% cap rate on current rent, rising to a 6.37% cap rate on the average rent over the term. Tenant pays operating costs, taxes & utilities. Tenant is the Broken Whisk, a well-established & highly rated restaurant known for great food and atmosphere, with major improvements incl. covered heated patio w/ sliding glass panels, wood-fired pizza oven & C-Can storage. Lease personally guaranteed w/ one 10-yr renewal option. Set-and-forget net lease investment with a proven hospitality tenant in a growing Fraser Valley community. Contact listing agent for NDA and details. * PREC - Personal Real Estate Corporation (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by RE/MAX Bob Plowright Realty
Nearby Locations
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