Investment, Retail

FOR SALE: Fully-leased, Single Tenant Retail Property

I am pleased to present the opportunity to acquire a fully leased auto dealership on Main Street.

Address: 

4575 Main Street, Vancouver BC

Property Features:

  • Prime Single Tenant Retail Investment Opportunity at Land Value
  • Quality Covenant: National Auto Dealer Tenant
  • 5-Year Lease with Two Five Year Renewal Options
  • Quality Improvements with Recent Renovations 
  • Over 277 feet of frontage at the corner at Main Street and East 30th Avenue 
  • 25,341 SF, C-2 zoned site in Mature, Stable Neighbourhood
  • Excellent opportunity for future 6-storey rental development under C-2 zone
  • Demolition option within first renewal term

Asking $23,000,000, going-in 3.9% cap rate, increasing to 4.25% with rent bumps.

Please contact me for further details.

July 2, 2020by david.taylor@colliers.com