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4413 Main St

2,690 SF Retail Building Vancouver, BC V5V 3R2 $4,188,000 CAD ($1,557 CAD/SF) 3.21% Cap Rate

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Executive Summary

The property is in a premium location with a national tenant. Construction is new. This is a hands off investment opportunity. The building was completed in 2023 and leased to Popeyes Chicken on a 10 year lease at a net rent of $50 per square foot. The building is 2,690 square feet with 2,312 square feet on the ground floor and 378 square feet on the mezzanine level all leased to Popeyes. The building has 25 foot ceilings with skylights. In additional there is 400 amp 3 phase power, and two rooftop HVAC units. The property is located between 28th and 29th Avenues next to BC Liquor Store, McDonald’s and Nesters. There is a very high level of pedestrian and drive by traffic.

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