7205 PIONEER AVENUE, Agassiz
Agassiz, British Columbia
MLS® C8081003
$1,875,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C8081003
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1956
1 / 28Listing 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, wood-fired pizza oven & C-Can storage. Lease personally guaranteed w/ one 10-yr renewal option.
PLEASE DO NOT DISTURB THE TENANT OR STAFF "” no walk-throughs. Buyers & agents may view the interior only as paying restaurant customers. Contact listing agent for NDA and details.
* PREC - Personal Real Estate Corporation
Property summary
- MLS® number
- C8081003
- Property type
- Retail
- Square footage
- 3,663 sq ft
- Land size
- 0.19 acres
- Built in
- 1956
- Days on market
- 45 days
Features & details
- Cooling
- Central air conditioning
What would this home cost you?
Based on the $1,875,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Bob Plowright Realty, Chilliwack.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.