Shopping Auto Center
5850 Kingsway
5850 Kingsway, Burnaby, BC V5J 1G9
Listing Price: $6,800,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 5850 Kingsway, Burnaby, B.C. The Subject Property is a prime retail site tenanted by Fountain Tire, a leading tire and automotive service provider. Spanning 20,123 square feet, the site offers convenient access from both Kingsway and Russell Avenue, ensuring seamless customer access from surrounding areas.
5850 Kingsway
Investment Highlights
- Fountain Tire holds a reputable business track record and strong corporate covenant. Equipped with a triple-net (NNN) lease and biennial rental escalations over the lease term.
- The Subject Property offers convenient on-site parking (35 stalls), a desirable feature in this densely populated urban area.
- Located along Burnaby's busy Kingsway corridor, the property benefits from high visibility and heavy traffic flow, with efficient access to key areas of Metro Vancouver.
- The Subject Property is in a well-established commercial district with a mix of retail, dining, and services, supporting strong tenant retention and steady customer traffic.
- The Subject Property is designated for 'Employment' land use, supporting light industrial and creative employment uses, with 6-8 storeys generally permitted
- Burnaby, Metro Vancouver's third-largest city, has a strong economy and steadily rising property values. High-density development in Metrotown and future potential in Royal Oak further enhance the area's investment appeal.
Exclusively Listed By
Listing Price: $6,800,000
Investment Highlights
- Fountain Tire holds a reputable business track record and strong corporate covenant. Equipped with a triple-net (NNN) lease and biennial rental escalations over the lease term.
- The Subject Property offers convenient on-site parking (35 stalls), a desirable feature in this densely populated urban area.
- Located along Burnaby's busy Kingsway corridor, the property benefits from high visibility and heavy traffic flow, with efficient access to key areas of Metro Vancouver.
- The Subject Property is in a well-established commercial district with a mix of retail, dining, and services, supporting strong tenant retention and steady customer traffic.
- The Subject Property is designated for 'Employment' land use, supporting light industrial and creative employment uses, with 6-8 storeys generally permitted
- Burnaby, Metro Vancouver's third-largest city, has a strong economy and steadily rising property values. High-density development in Metrotown and future potential in Royal Oak further enhance the area's investment appeal.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 5850 Kingsway, Burnaby, B.C. The Subject Property is a prime retail site tenanted by Fountain Tire, a leading tire and automotive service provider. Spanning 20,123 square feet, the site offers convenient access from both Kingsway and Russell Avenue, ensuring seamless customer access from surrounding areas.
Exclusively Listed By
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