Urban-High Street
10 SE Marine Drive
10 SE Marine Dr, Vancouver, BC V5X 2S3
Listing Price: $10,000,000
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.
10 SE Marine Drive
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
Listing Price: $10,000,000
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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