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10991 No. 1 Rd 2,708 SF Retail Building Richmond, BC V7E 1S4 $3,030,740 USD ($1,119.18 USD/SF) 2.51% Cap Rate
EXECUTIVE SUMMARY
To purchase a fully tenanted, free-standing retail building located in Richmond’s Steveston Neighborhood and minutes away from historic Steveston Village. The subject property is improved with a single-storey 2708 square foot building and is situated on a site area shown to be 12,544 square feet (.29 Acres). The remainder of the property is comprised of an asphalt surface parking area containing approximately 10 parking stalls. The property’s sole tenant is Hayat Supermarket, a local grocer specializing in Middle Eastern fare
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
2,708 SF
Building Class
C
Year Built
1986
Price
$3,030,740 USD
Price Per SF
$1,119.18 USD
Cap Rate
2.51%
NOI
$76,210 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.29 AC
Zoning
CL - Local Commercial
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
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10991 No. 1 Rd
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