REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,950,000
Est. payment | /mo
8,276 Sqft Lot
$ 1,950,000
Est. payment | /mo
8,276 Sqft Lot
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, 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.
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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