Vacant-User
BMO - 3290 Grandview Hwy
3290 Grandview Hwy, Vancouver, BC V5M 2G2
Listing Price: $3,860,000
Investment Overview
The Vendor has exclusively retained Marcus & Millichap to market its 100% freehold interest in 3290 Grandview Highway, Vancouver, British Columbia (the “Subject Property”). The Subject Property is a single-tenant, triple-net (NNN) bank branch leased to Bank of Montreal (BMO), prominently situated at the signalized intersection of Grandview Highway and Rupert Street in East Vancouver. The offering provides passive, institutional-quality income supported by a strong covenant, alongside high-density redevelopment potential under the Rupert and Renfrew Station Area Plan.
BMO - 3290 Grandview Hwy
Investment Highlights
- 100% leased to Bank of Montreal (BMO), one of Canada's largest financial institutions. Founded in 1817, BMO is the fourth-largest bank by market capitalization with a strong credit covenant.
- Secured by a triple-net (NNN) lease expiring January 31, 2030, with three 5-year renewal options at fair market rent, providing stable income with no landlord operating responsibilities.
- Located within a premier East Vancouver essential-service retail corridor, surrounded by major anchors including Real Canadian Superstore, Canadian Tire, Walmart, Save-On-Foods, and RONA.
- Situated at a signalized corner on Grandview Highway with strong exposure, steps from Rupert Station on the Millennium Line, providing direct access to Downtown Vancouver and key suburban centres.
- Located within the Rupert & Renfrew Station Area Plan, permitting high-density mixed-use redevelopment (up to 45 storeys) via rezoning; assembly required for full tower-scale development.
Exclusively Listed By
Listing Price: $3,860,000
Investment Highlights
- 100% leased to Bank of Montreal (BMO), one of Canada's largest financial institutions. Founded in 1817, BMO is the fourth-largest bank by market capitalization with a strong credit covenant.
- Secured by a triple-net (NNN) lease expiring January 31, 2030, with three 5-year renewal options at fair market rent, providing stable income with no landlord operating responsibilities.
- Located within a premier East Vancouver essential-service retail corridor, surrounded by major anchors including Real Canadian Superstore, Canadian Tire, Walmart, Save-On-Foods, and RONA.
- Situated at a signalized corner on Grandview Highway with strong exposure, steps from Rupert Station on the Millennium Line, providing direct access to Downtown Vancouver and key suburban centres.
- Located within the Rupert & Renfrew Station Area Plan, permitting high-density mixed-use redevelopment (up to 45 storeys) via rezoning; assembly required for full tower-scale development.
Investment Overview
The Vendor has exclusively retained Marcus & Millichap to market its 100% freehold interest in 3290 Grandview Highway, Vancouver, British Columbia (the “Subject Property”). The Subject Property is a single-tenant, triple-net (NNN) bank branch leased to Bank of Montreal (BMO), prominently situated at the signalized intersection of Grandview Highway and Rupert Street in East Vancouver. The offering provides passive, institutional-quality income supported by a strong covenant, alongside high-density redevelopment potential under the Rupert and Renfrew Station Area Plan.
Exclusively Listed By
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