Skip to main content

Grocery Store

2518 West Railway Street

2518 W Railway St, Abbotsford, BC V2S 2E4

Listing Price: $4,450,000

Cap Rate
3.56%
Tenant Name
The Daily Market
Years Remaining On Lease
9.0
Guarantor
Personal Guarantee
Rentable SF
9,044
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.50

Investment Overview

The vendor has exclusively retained Marcus & Millichap to facilitate the sale of 2518 West Railway Street, Abbotsford, B.C. (The "Subject Property"). The Subject Property presents a rare opportunity to acquire a single-tenant grocery store/distribution centre located on the border of Historic Downtown core of Abbotsford. The Subject Property is secured with a care-free, NNN lease until December 2030, with annual contractual escalations in rent.

Investment Highlights

  • Well-located, freestanding, single-tenant commercial building secured by a daily needs retailer on a carefree NNN lease with minimal landlord responsibilities
  • Leased to The Daily Market on a 10-year lease expiring December 2030, with annual contractual escalations of $0.50/SF
  • Freestanding building comprised of 9,044 SF of leasable area on a 22,108 SF lot

Exclusively Listed By

Grocery Store

2518 West Railway Street

Listing Price: $4,450,000

Cap Rate
3.56%
Tenant Name
The Daily Market
Years Remaining On Lease
9.0
Guarantor
Personal Guarantee
Rentable SF
9,044
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.50

Investment Highlights

  • Well-located, freestanding, single-tenant commercial building secured by a daily needs retailer on a carefree NNN lease with minimal landlord responsibilities
  • Leased to The Daily Market on a 10-year lease expiring December 2030, with annual contractual escalations of $0.50/SF
  • Freestanding building comprised of 9,044 SF of leasable area on a 22,108 SF lot

Investment Overview

The vendor has exclusively retained Marcus & Millichap to facilitate the sale of 2518 West Railway Street, Abbotsford, B.C. (The "Subject Property"). The Subject Property presents a rare opportunity to acquire a single-tenant grocery store/distribution centre located on the border of Historic Downtown core of Abbotsford. The Subject Property is secured with a care-free, NNN lease until December 2030, with annual contractual escalations in rent.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower