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6719 W Saanich Rd 4,037 SF Retail Building Central Saanich, BC V8M 1J5 $1,516,727 USD ($375.71 USD/SF) 4.14% Cap Rate
Investment Highlights
- One million visitors annually to the Butchart Garden’s 5 minute drive to the West
- Holding income in place with current tenant
- Ample parking for current business
- Tourist Commercial (C5) Zone allows for hotel development
- Flat and serviced land on prominent corner
- Long-standing restaurant location with built in goodwill
Executive Summary
The subject property is located on the Keating Cross Road and West Saanich Road at the gateway to vibrant Brentwood Bay village and world-famous Butchart Gardens (over 1,000,000 visitors annually). Surrounded by wineries and farms, and across the street from Butterfly World. The subject property is well suited to benefit from the many visitors frequenting the picturesque area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,037 SF
Building Class
C
Year Built
1982
Price
$1,516,727 USD
Price Per SF
$375.71 USD
Cap Rate
4.14%
NOI
$62,836 USD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.92 AC
Zoning
C5 - Tourist Commercial
Parking
25 Spaces (6.19 Spaces per 1,000 SF Leased)
Frontage
53’ on W Saanich Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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6719 W Saanich Rd
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