$1,760,000
Agassiz
$1,760,000
Agassiz
7205 PIONEER Avenue, Agassiz, British Columbia, V0M1A3
This retail property in Agassiz is for sale offering roughly 3,663 sq ft of space. It has been on the market 91 days, fresher than the Agassiz average of 125 days.
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 6.00% cap rate on current rent, rising to a 8.20% cap rate on the final-year rent. 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 (id:66096)
Long Listed: 91 days on market, against an average age of 125 days across the listings currently for sale in this city
This retail in Agassiz has been listed for 91 days, which is 34 days fresher than the city average of 125. Act while there is still low competition.
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