This property is Off-Market
6560, 6600 & 6640 No. 3 Road
Richmond, BC V6Y2C1 ·
39,160 SF · Retail For Sale
Time Square Redevelopment Site
|Price||N/A||Property Sub-type||Strip Center|
|Gross Leasable Area||39,160 SF||Property Use Type||Investment|
|Listing ID: 17458019||Date Created: 12/19/2011||Last Updated: 03/21/2012|
The property is currently improved with a 13,572-sf, single-storey, multi-tenanted
retail plaza named Time Square, which is accessed from No. 3 Road as well as via rear laneway off Park Road. Time Square is 100% occupied under net leases to tenants such as Seattle' s Best Coffee, H&R Block and Popeye' s Supplements. The property provides an attractive holding income and all leases include demolition clauses.
The subject property is located on the east side of No. 3 Road between Park and Cook Roads, in the City Centre' s Brighouse Village area, in the City of Richmond, B.C. No. 3 Road forms the retail spine of Richmond' s City Centre and is one of the busiest and most desirable commercial corridors in Metro Vancouver. Situated immediately across from the subject property is Richmond Centre Mall, a 492,000-sf enclosed shopping centre with more than 150 retailers including anchor tenants The Bay, Sears, Sport Chek, Old Navy and Famous Players. The Canada Line rapid transit station at Brighouse, as well as Richmond City Hall, are located within a one block radius.
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