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Prado Cafe 660 Gardena Drive 1,113 SF Retail Building Coquitlam, BC V3J 3W4 $1,151,238 USD ($1,034.36 USD/SF) 4.60% Cap Rate
Investment Highlights
- New-build commercial retail unit tenanted by Prado Café Ltd., one of Vancouver's most recognized specialty coffee brands.
- Building completion estimated Fall 2026.
- Situated within the Burquitlam-Lougheed Neighbourhood Plan area, one of Metro Vancouver's fastest-growing corridors
- Long-term triple net (NNN) lease with scheduled rental escalations, underpinned by a strong covenant tenant.
- Prado Café, an established award-winning specialty coffee brand with multiple locations across Metro Vancouver.
- The CRU is well-positioned to benefit from strong traffic given its proximity to Burquitlam Station
Executive Summary
Botanica is a new mixed-use master-planned development in Coquitlam, at the heart of one of Metro Vancouver's fastest-growing transit-oriented corridors. Comprising four buildings and 240 strata lots, including 239 residential homes and one ground-floor commercial retail unit, the development is estimated to complete in Fall 2026.
The Subject Property is a 1,113 SF retail strata unit leased to Prado Café Ltd. under a 10-year triple net lease with built-in rental escalations, offering investors a well-located asset with a secure long-term income stream.
The Subject Property is a 1,113 SF retail strata unit leased to Prado Café Ltd. under a 10-year triple net lease with built-in rental escalations, offering investors a well-located asset with a secure long-term income stream.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
1,113 SF
Building Class
C
Year Built
2026
Price
$1,151,238 USD
Price Per SF
$1,034.36 USD
Cap Rate
4.60%
NOI
$52,957 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.00 AC
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 5
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Prado Cafe | 660 Gardena Drive
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