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Bank

2464 Beacon Avenue

2464 Beacon Avenue, Sidney, BC V8L 1X6

Listing Price: $4,860,000

Cap Rate
4.00%
Tenant Name
Royal Bank of Canada
Years Remaining On Lease
0.4
Guarantor
Corporate Guarantee
Rentable SF
4,789
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.61

Investment Overview

We are pleased to present the opportunity to acquire 2464 Beacon Avenue, Sidney, B.C. (the “Subject Property”), a single-tenant financial institution located on the prominent intersection of Beacon Avenue and Third Street in downtown Sidney. The Subject Property is occupied by the Royal Bank of Canada on a long term, NNN lease and benefits from its proximity to other essential daily-needs retail and immediacy to the Patricia Bay Hwy (Hwy 17).

Investment Highlights

  • Centrally located, high-profile, single-tenant commercial building secured by Royal Bank of Canada on a long-term NNN lease.
  • The tenant, RBC is one of Canada's biggest banks with over 89,000 employees, serving over 17 million clients and with a market cap of $175.7B*.
  • RBC has occupied the building for 52 years and has been operating at the location since 1970.
  • The Subject Property is the only RBC servicing Sidney and North Saanich, with the next closest location being in Brentwood Bay (12KM from the Subject Property).
  • The Subject Property is centrally positioned within an evolving neighbourhood and is surrounded by multiple recently-completed and under construction multi-family developments.
  • Coveted location along Beacon Avenue, the Subject Property is in Sidney's primary retail node and only two blocks from renowned Sidney Pier, Beacon Park, Port Sidney Marina and Sidney's waterfront.

Exclusively Listed By

Bank

2464 Beacon Avenue

Listing Price: $4,860,000

Cap Rate
4.00%
Tenant Name
Royal Bank of Canada
Years Remaining On Lease
0.4
Guarantor
Corporate Guarantee
Rentable SF
4,789
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.61

Investment Highlights

  • Centrally located, high-profile, single-tenant commercial building secured by Royal Bank of Canada on a long-term NNN lease.
  • The tenant, RBC is one of Canada's biggest banks with over 89,000 employees, serving over 17 million clients and with a market cap of $175.7B*.
  • RBC has occupied the building for 52 years and has been operating at the location since 1970.
  • The Subject Property is the only RBC servicing Sidney and North Saanich, with the next closest location being in Brentwood Bay (12KM from the Subject Property).
  • The Subject Property is centrally positioned within an evolving neighbourhood and is surrounded by multiple recently-completed and under construction multi-family developments.
  • Coveted location along Beacon Avenue, the Subject Property is in Sidney's primary retail node and only two blocks from renowned Sidney Pier, Beacon Park, Port Sidney Marina and Sidney's waterfront.

Investment Overview

We are pleased to present the opportunity to acquire 2464 Beacon Avenue, Sidney, B.C. (the “Subject Property”), a single-tenant financial institution located on the prominent intersection of Beacon Avenue and Third Street in downtown Sidney. The Subject Property is occupied by the Royal Bank of Canada on a long term, NNN lease and benefits from its proximity to other essential daily-needs retail and immediacy to the Patricia Bay Hwy (Hwy 17).

Exclusively Listed By

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