10991 No. 1 Rd 2,708 SF Retail Building Richmond, BC V7E 1S4 $3,075,504 USD ($1,135.71 USD/SF) 2.51% Cap Rate

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.
The subject property is located on the northwest corner at the intersection of Steveston Highway and No. 1 Road in Richmond. Steveston is considered one of Richmond’s most desirable and sought-after neighbourhoods, and it is a popular destination due to its rich culture and history. This strategic central location has excellent access to all major arterial routes in the area, including Highway 99 and the George Massey Tunnel, providing ease of access to all neighboring municipalities in the region.