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8000 No. 3 Rd

2,785 SF 100% Leased Retail Building Richmond, BC V6Y 2E3 $4,162,492 USD ($1,495 USD/SF) 1.65% Cap Rate

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
Property Type
Retail
Building Size
2,785 SF
Building Class
C
Year Built
1986
Price
$4,162,492 USD
Price Per SF
$1,495 USD
Cap Rate
1.65%
NOI
$68,757 USD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.17
Land Acres
0.39 AC
Zoning
CL - Local Commercial
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

TD Canada Trust
Save-On-Foods
Blenz Coffee
Fit 4 Less
CIBC
M&M Food Market
RBC Royal Bank
Starbucks
New York Fries
Scotiabank
  • Listing ID: 31339660

  • Date on Market: 3/27/2024

  • Last Updated:

  • Address: 8000 No. 3 Rd, Richmond, BC V6Y 2E3

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