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5814 Riverside St 3,120 SF of Retail Space Available in Abbotsford, BC V4X 1T6
Highlights
- 8 on-site parking stalls and ample street parking
- Possibility of Liquor License transfer
- Currently configured as a restaurant and a small office, the building can be demised for a variety of commercial uses
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,120 SF | Negotiable | $12.65 USD/SF/YR $1.05 USD/SF/MO $39,462 USD/YR $3,289 USD/MO | Triple Net (NNN) |
1st Floor
Marcus & Millichap is pleased to offer the opportunity to purchase 5814 Riverside Street, located in Matsqui Village, between Mission and Abbotsford. Rare Opportunity With commercially zoned properties in historic Matsqui Village numbering in the single digits, this asset offers the purchaser a unique opportunity to establish a retail, restaurant or service business with potential to become a destination or community-hub. High Exposure This corner property is a focal point of the village’s “Main Street” and Abbotsford’s Traffic Data Program estimates exposure to roughly 4500 vehicles per day (VPD), with nearby Highway 11 seeing approximately 25,000 VPD. The property is also located next to the community’s premiere child-care facility, guaranteeing additional daily exposure.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,120 SF | Gross Leasable Area | 3,120 SF |
| Property Type | Retail | Year Built | 1949 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 2.6/1,000 SF |
| Total Space Available | 3,120 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 3,120 SF |
| Year Built | 1949 |
| Parking Ratio | 2.6/1,000 SF |
About the Property
Marcus & Millichap is pleased to offer the opportunity to purchase or lease 5814 Riverside Street, located in Matsqui Village, between Mission and Abbotsford. (for purchase see C8077800) Rare Opportunity With commercially zoned properties in historic Matsqui Village numbering in the single digits, this asset offers the purchaser or tenant a unique opportunity to establish a retail, restaurant or service business with potential to become a destination or community-hub. High Exposure This corner property is a focal point of the village’s “Main Street” and Abbotsford’s Traffic Data Program estimates exposure to roughly 4500 vehicles per day (VPD), with nearby Highway 11 seeing approximately 25,000 VPD. The property is also located next to the community’s premiere child-care facility, guaranteeing additional daily exposure.
- Corner Lot
- Signage
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5814 Riverside St
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