Shopping Neighborhood
2020 Arbutus St., Vancouver
2020 Arbutus St, Vancouver, BC V6K 1N7
Listing Price: $18,500,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 2020 Arbutus Street, Vancouver, B.C. (the “Subject Property”). The Subject Property is anchored by the Canadian Imperial Bank of Commerce (“CIBC”), complemented by North American Kommunity Fitness Inc. and Global Shoe Connection Inc., with all tenants operating under triple-net leases that provide stable cash flow with minimal landlord responsibility. Situated at the corner of West 4th Avenue and Arbutus Street in Kitsilano, the site benefits from exceptional exposure and on-site parking at the epicenter of one of Vancouver's strongest retail corridors.
2020 Arbutus St., Vancouver
Investment Highlights
- Financial Institution Anchor: Secured by CIBC, one of Canada's largest financial institutions, with a market capitalization of over CAD $100 billion. CIBC represents 62.9% of the total annual NOI.
- Income Upside: In-place rents are currently below market, providing investors with future rental income upside.
- Triple-Net (NNN) Lease Structure: All tenants operate under NNN leases, providing stale cash flow with minimal landlord responsibilities.
- West 4th Avenue Frontage: High profile location along Kitsilano's West 4th Avenue retail corridor with 75' of frontage.
- Key Retail Destination: West 4th Avenue is a destination shopping district in Vancouver, located in the heart of one of the city's most established and sought-after retail neighbourhoods, with virtually zero available space and excess tenant demand.
- On-Site Parking: The Subject Property benefits from 9 on-site parking stalls, generating $11,400 in additional income per annum.
Exclusively Listed By
Listing Price: $18,500,000
Investment Highlights
- Financial Institution Anchor: Secured by CIBC, one of Canada's largest financial institutions, with a market capitalization of over CAD $100 billion. CIBC represents 62.9% of the total annual NOI.
- Income Upside: In-place rents are currently below market, providing investors with future rental income upside.
- Triple-Net (NNN) Lease Structure: All tenants operate under NNN leases, providing stale cash flow with minimal landlord responsibilities.
- West 4th Avenue Frontage: High profile location along Kitsilano's West 4th Avenue retail corridor with 75' of frontage.
- Key Retail Destination: West 4th Avenue is a destination shopping district in Vancouver, located in the heart of one of the city's most established and sought-after retail neighbourhoods, with virtually zero available space and excess tenant demand.
- On-Site Parking: The Subject Property benefits from 9 on-site parking stalls, generating $11,400 in additional income per annum.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire 2020 Arbutus Street, Vancouver, B.C. (the “Subject Property”). The Subject Property is anchored by the Canadian Imperial Bank of Commerce (“CIBC”), complemented by North American Kommunity Fitness Inc. and Global Shoe Connection Inc., with all tenants operating under triple-net leases that provide stable cash flow with minimal landlord responsibility. Situated at the corner of West 4th Avenue and Arbutus Street in Kitsilano, the site benefits from exceptional exposure and on-site parking at the epicenter of one of Vancouver's strongest retail corridors.
Exclusively Listed By
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