Shopping Strip
Tsawwassen Corner Shopping Centre
1215 56 St, Delta, BC V4L 2A6
Listing Price: Request For Offer
Investment Overview
FOR SALE | Tsawwassen Corner Shopping Centre
Marcus & Millichap | Western Canada NNN Group presents 1215 56th Street, Delta, B.C. for sale—a 28,010 SF open-air retail centre anchored by Shoppers Drug Mart.
Tsawwassen Corner Shopping Centre
Investment Highlights
- SIGNIFICANT INCOME UPSIDE: Significant income growth potential from upcoming lease escalations and rollover.
- STRONG COVENANT TENANTS: Fully leased to a strong blend of national and local tenants— including Shoppers Drug Mart, Tim Hortons, VanCity, Bosley's, Liquor Quicker, among others.
- PREFERRED ASSET CLASS: 28,010 square feet open-air shopping centre with daily-needs tenants, providing stable, resilient cash flow.
- TIM HORTONS LEASE EXPIRY: Lease ends Feb 2027 with no renewals, allowing rent reset to market or repurposing for higher-yield uses—creating a built-in NOI growth opportunity.
- RARE OFFERING: Rare, high-exposure corner site in affluent Tsawwassen with strong NOI upside and substantial long-term redevelopment potential.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- SIGNIFICANT INCOME UPSIDE: Significant income growth potential from upcoming lease escalations and rollover.
- STRONG COVENANT TENANTS: Fully leased to a strong blend of national and local tenants— including Shoppers Drug Mart, Tim Hortons, VanCity, Bosley's, Liquor Quicker, among others.
- PREFERRED ASSET CLASS: 28,010 square feet open-air shopping centre with daily-needs tenants, providing stable, resilient cash flow.
- TIM HORTONS LEASE EXPIRY: Lease ends Feb 2027 with no renewals, allowing rent reset to market or repurposing for higher-yield uses—creating a built-in NOI growth opportunity.
- RARE OFFERING: Rare, high-exposure corner site in affluent Tsawwassen with strong NOI upside and substantial long-term redevelopment potential.
Investment Overview
FOR SALE | Tsawwassen Corner Shopping Centre Marcus & Millichap | Western Canada NNN Group presents 1215 56th Street, Delta, B.C. for sale—a 28,010 SF open-air retail centre anchored by Shoppers Drug Mart.
Exclusively Listed By
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