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Urban-High Street

10 SE Marine Drive

10 SE Marine Dr, Vancouver, BC V5X 2S3

Listing Price: $10,000,000

Cap Rate
3.04%
Tenant Name
Wendy’s Restaurant of Canada Inc.
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
2,827
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$107.42

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 10 SE Marine Drive, Vancouver, B.C. (the “Subject Property”). The Subject Property presents a rarely available investment offering in South Vancouver, featuring a single-tenant drive-thru facility occupied by national tenant, Wendy’s Restaurant of Canada Inc. further supported by underlying land value.

Investment Highlights

  • Rarely available single-tenant drive-thru property in south Vancouver on a 22,097 SF lot with 141 feet of frontage on SE Marine Drive.
  • 100% leased by Wendy's Restaurants of Canada Inc., a prominent fast- food chain with over 420 locations in Canada alone.
  • The tenant is operating on a landlord friendly NNN lease with minimal landlord responsibilities, taking care of all day-to-day management with commitment until 2028.
  • No further renewal options available to the tenant, presenting favourable and flexible options for the landlord.
  • The Subject Property is zoned I-2 Light Industrial, which allows redevelopment up to 3.0 FSR, permitting industrial and certain office uses not generally compatible with residential or commercial uses.
  • Unparalleled market location, situated along the bustling SE Marine Drive arterial, enjoying proximity to essential daily-needs retail services, major upcoming development projects, and Langara College, enhancing its investment appeal.

Exclusively Listed By

Urban-High Street

10 SE Marine Drive

Listing Price: $10,000,000

Cap Rate
3.04%
Tenant Name
Wendy’s Restaurant of Canada Inc.
Years Remaining On Lease
4.1
Guarantor
Corporate Guarantee
Rentable SF
2,827
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$107.42

Investment Highlights

  • Rarely available single-tenant drive-thru property in south Vancouver on a 22,097 SF lot with 141 feet of frontage on SE Marine Drive.
  • 100% leased by Wendy's Restaurants of Canada Inc., a prominent fast- food chain with over 420 locations in Canada alone.
  • The tenant is operating on a landlord friendly NNN lease with minimal landlord responsibilities, taking care of all day-to-day management with commitment until 2028.
  • No further renewal options available to the tenant, presenting favourable and flexible options for the landlord.
  • The Subject Property is zoned I-2 Light Industrial, which allows redevelopment up to 3.0 FSR, permitting industrial and certain office uses not generally compatible with residential or commercial uses.
  • Unparalleled market location, situated along the bustling SE Marine Drive arterial, enjoying proximity to essential daily-needs retail services, major upcoming development projects, and Langara College, enhancing its investment appeal.

Investment Overview

Marcus & Millichap REIS Canada Inc. is pleased to present the opportunity to acquire 10 SE Marine Drive, Vancouver, B.C. (the “Subject Property”). The Subject Property presents a rarely available investment offering in South Vancouver, featuring a single-tenant drive-thru facility occupied by national tenant, Wendy’s Restaurant of Canada Inc. further supported by underlying land value.

Exclusively Listed By

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