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Auto Parts

45911 Airport Road, Chilliwack

45911 Airport Rd, Chilliwack, BC V2P 1A3

Listing Price: $1,800,000

Cap Rate
4.20%
Tenant Name
grip auto
Years Remaining On Lease
3.9
Guarantor
Personal Guarantee
Rentable SF
4,552
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.59

Investment Overview

Marcus & Millichap is pleased to announce for sale 45911 Airport Road, Chilliwack, B.C. (the “Subject Property”). The Subject Property presents a rare opportunity for an investor to acquire a freestanding automotive investment property secured by a true NNN lease with Grip Auto & Tire, a multi-location operator. The Property features 4,552 SF of rentable area situated on a 12,749 SF lot with M2 zoning, offering excellent exposure along Airport Road with convenient access and on-site parking.

Investment Highlights

  • As a carefree triple net lease, tenant is responsible for all operating costs including taxes, insurance, and maintenance; landlord obligations limited to structure and roof.
  • Grip Auto & Tire operates six locations across British Columbia and provides additional security through a personal indemnity.
  • Rare freestanding 4,552 SF building on 12,749 SF lot with high exposure and visibility on Airport Road, offered at a price point commonly unseen for Lower Mainland assets.

Exclusively Listed By

Auto Parts

45911 Airport Road, Chilliwack

Listing Price: $1,800,000

Cap Rate
4.20%
Tenant Name
grip auto
Years Remaining On Lease
3.9
Guarantor
Personal Guarantee
Rentable SF
4,552
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.59

Investment Highlights

  • As a carefree triple net lease, tenant is responsible for all operating costs including taxes, insurance, and maintenance; landlord obligations limited to structure and roof.
  • Grip Auto & Tire operates six locations across British Columbia and provides additional security through a personal indemnity.
  • Rare freestanding 4,552 SF building on 12,749 SF lot with high exposure and visibility on Airport Road, offered at a price point commonly unseen for Lower Mainland assets.

Investment Overview

Marcus & Millichap is pleased to announce for sale 45911 Airport Road, Chilliwack, B.C. (the “Subject Property”). The Subject Property presents a rare opportunity for an investor to acquire a freestanding automotive investment property secured by a true NNN lease with Grip Auto & Tire, a multi-location operator. The Property features 4,552 SF of rentable area situated on a 12,749 SF lot with M2 zoning, offering excellent exposure along Airport Road with convenient access and on-site parking.

Exclusively Listed By

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