$1,760,000

7205 Pioneer Avenue, Agassiz, BC V0M 1A3

MLS® C8081003

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 6.00% cap rate on current rent, rising to a 8.20% cap rate on the final-year rent. 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.

Property

Property type

Commercial Sale

Style

Retail

Structure

Freestanding, Street-Level Storefront

Year built

1,956

Ownership

Freehold

Systems

Heating

Heat Pump

Cooling

Central Air, Air Conditioning

Lot and parking

Lot size

8,276.4 sq ft

Costs

Annual property tax

$17,373

Tax year

2,026

Location

Area

Agassiz

Neighbourhood

Agassiz

Waterfront

No