7205 Pioneer Avenue|agassiz, Agassiz, British Columbia

$1,875,000

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3,663

Square feet

0.19

Acres

About 7205 Pioneer Avenue|agassiz

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 (id:36535)

Features of 7205 Pioneer Avenue|agassiz

Listing # C8081003
Price $1,875,000
Bathrooms 0.00
Square Footage 3,663
Acres 0.19
Year Built 1956
Type Retail

Community Information

Address 7205 Pioneer Avenue|agassiz
City Agassiz
Province British Columbia
Postal Code V0M1A3

Amenities

Amenities Storefront
Is Waterfront No
Has Pool No

Interior

Cooling Central air conditioning
Fireplace No
Has Basement No

Listing Details

OfficeCourtesy Of RE/MAX Bob Plowright Realty

Listing Map