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8000 No. 3 Rd
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8000 No. 3 Rd
2,785 SF 100% Leased Retail Building Richmond, BC V6Y 2E3 $5,900,000 CAD ($2,118 CAD/SF) 1.65% Cap Rate
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INVESTMENT HIGHLIGHTS
- Excellent access to all major arterials
EXECUTIVE SUMMARY
Macdonald Commercial presents an opportunity to purchase a single-tenant investment property with redevelopment potential in Richmond, BC. The subject property is currently tenanted by a well-established tenant in 7-Eleven, the world’s largest operator of convenience stores. The subject property is comprised of a 2785 square-foot freestanding building situated on a site that is approximately 16,851 square feet (.39 Acres), with the remainder of the property improved with an asphalt surface parking area containing approximately 13 parking stalls. Preliminary discussions with the City of Richmond regarding a potential redevelopment of the subject property have indicated that the City may support a 100% market rental apartment building.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,785 SF
Building Class
C
Year Built
1986
Price
$5,900,000 CAD
Price Per SF
$2,118 CAD
Cap Rate
1.65%
NOI
$97,457 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
0.39 AC
Zoning
CL - Local Commercial
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
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8000 No. 3 Rd
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