7205 Pioneer AVE, Agassiz, BC V0M 1A3
7205 Pioneer AVE, Agassiz, BC V0M 1A3
7205 Pioneer AVE, Agassiz, BC V0M 1A3
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Auley Serfas

Auley Serfas

+1(604) 551-4002
$1,950,000
Est. payment /mo
8,276 Sqft Lot
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UPDATED:

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, 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 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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REBGV/FVREB/Chilliwack (Commercial IDX)

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+1(604) 551-4002