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45837 Yale Road, Chilliwack (Tim's)
45837 Yale Rd, Chilliwack, BC V2P 2N6
Listing Price: $3,900,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant drive-thru located at 45837 Yale Road, Chilliwack, B.C. (the "Subject Property"). The Subject Property presents a rarely available QSR investment offering in Chilliwack, featuring an absolute net lease to the TDL Group Corp. (Tim Hortons).
45837 Yale Road, Chilliwack (Tim's)
Investment Highlights
- Rarely available single-tenant drive-thru property in Chilliwack situated on a 0.44-acre lot with 2,815 SF of leasable area and ~ 103 feet of prime frontage along Yale Road.
- 100% leased to The TDL Group Corp. (Tim Hortons), providing the security of a strong national covenant from Canada's leading quick-service restaurant chain, operating over 4,000 locations nationwide.
- Tim Hortons has operated at the Subject Property since 1994, underscoring its long-standing commitment and proven site performance.
- The tenant operates on an absolute net lease with no landlord responsibilities, including for major repairs or structural components. Annual rent escalations and a management fee provide a stable and growing income stream.
- The surrounding area population increased 16.8% from 2019 to 2024 and is projected to grow an additional 1804% from 2024 to 2029.
- The property benefits from prime frontage on Yale Road with exposure to approximately 18,500 vehicles per day (VPD).
Exclusively Listed By
Listing Price: $3,900,000
Investment Highlights
- Rarely available single-tenant drive-thru property in Chilliwack situated on a 0.44-acre lot with 2,815 SF of leasable area and ~ 103 feet of prime frontage along Yale Road.
- 100% leased to The TDL Group Corp. (Tim Hortons), providing the security of a strong national covenant from Canada's leading quick-service restaurant chain, operating over 4,000 locations nationwide.
- Tim Hortons has operated at the Subject Property since 1994, underscoring its long-standing commitment and proven site performance.
- The tenant operates on an absolute net lease with no landlord responsibilities, including for major repairs or structural components. Annual rent escalations and a management fee provide a stable and growing income stream.
- The surrounding area population increased 16.8% from 2019 to 2024 and is projected to grow an additional 1804% from 2024 to 2029.
- The property benefits from prime frontage on Yale Road with exposure to approximately 18,500 vehicles per day (VPD).
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant drive-thru located at 45837 Yale Road, Chilliwack, B.C. (the "Subject Property"). The Subject Property presents a rarely available QSR investment offering in Chilliwack, featuring an absolute net lease to the TDL Group Corp. (Tim Hortons).
Exclusively Listed By
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