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$ 1,950,000
Est. payment | /mo
8,276 Sqft Lot
$ 1,950,000
Est. payment | /mo
8,276 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8081003
Year Built 1956
Lot Size 8,276 Sqft
Property Sub-Type Retail
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 - current rent $91,868/yr plus 15% management fee recovery, escalating to $125,714/yr by 2035, plus GST, tenant paying 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.
Location
Province BC
Community Agassiz
Area Agassiz
Zoning CS1
Interior
Heating Heat Pump
Cooling Central Air, Air Conditioning
Exterior
Utilities Available Fully Serviced
Roof Type Torch On
Building
Sewer Public Sewer
Water Public
Others
Ownership Freehold
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