7205 PIONEER AVENUE, Agassiz, Agassiz
$1,875,000
About this property
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:66939)
Property details
- Price
- $1,875,000
- Living area
- 3,663 square feet
- Lot size
- 0.19 acres
- Year built
- 1956
- Property type
- Retail
- MLS® number
- C8081003
Location
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Review my home valueListing courtesy of RE/MAX Bob Plowright Realty. Source board: Chilliwack & District Real Estate Board.
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