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Urban-High Street

45604 Airport Road

45604 Airport Rd, Chilliwack, BC V2P 7Y1

Listing Price: $3,000,000

Cap Rate
4.25%
Tenant Name
Starbucks Coffee Canada, Inc.
Years Remaining On Lease
4.5
Gross SF
2,147
Guarantor
Corporate Guarantee
Rentable SF
2,147
Price/Gross SF
$1,397.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.46

Investment Overview

Opportunity to acquire a single-tenant Starbucks drive-thru located at 45604 Airport Road, Chilliwack, B.C. (the “Subject Property”). The Subject Property presents a rarely available QSR investment offering in Chilliwack, featuring recent construction and is occupied by global tenant, Starbucks Coffee Canada, Inc.

Investment Highlights

  • The Subject Property, built in 2018, boasts a prime corner location at the intersection of Yale Road and Airport Road, seeing over 51,000 vehicles per day.
  • The Subject Property is 100% leased by Starbucks Coffee Canada, Inc., a globally recognized coffee chain with over 1,456 locations in Canada alone.
  • The tenant is operating on a landlord friendly NNN lease with minimal landlord responsibilities, with the tenant responsible for taking care of all day-to-day management
  • Situated in Midtown, a recently constructed commercial development, the Subject Property is located along major arterial, Yale Road and benefits from proximity to the Trans-Canada Highway and other daily-needs retailers and amenities.
  • Located in a Strong Growth Node: Within 1km of the Subject Property, the area has seen a population increase of 16.1% and is projected to grow by an additional 15.4% by 2027.

Exclusively Listed By

Urban-High Street

45604 Airport Road

Listing Price: $3,000,000

Cap Rate
4.25%
Tenant Name
Starbucks Coffee Canada, Inc.
Years Remaining On Lease
4.5
Gross SF
2,147
Guarantor
Corporate Guarantee
Rentable SF
2,147
Price/Gross SF
$1,397.30
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$59.46

Investment Highlights

  • The Subject Property, built in 2018, boasts a prime corner location at the intersection of Yale Road and Airport Road, seeing over 51,000 vehicles per day.
  • The Subject Property is 100% leased by Starbucks Coffee Canada, Inc., a globally recognized coffee chain with over 1,456 locations in Canada alone.
  • The tenant is operating on a landlord friendly NNN lease with minimal landlord responsibilities, with the tenant responsible for taking care of all day-to-day management
  • Situated in Midtown, a recently constructed commercial development, the Subject Property is located along major arterial, Yale Road and benefits from proximity to the Trans-Canada Highway and other daily-needs retailers and amenities.
  • Located in a Strong Growth Node: Within 1km of the Subject Property, the area has seen a population increase of 16.1% and is projected to grow by an additional 15.4% by 2027.

Investment Overview

Opportunity to acquire a single-tenant Starbucks drive-thru located at 45604 Airport Road, Chilliwack, B.C. (the “Subject Property”). The Subject Property presents a rarely available QSR investment offering in Chilliwack, featuring recent construction and is occupied by global tenant, Starbucks Coffee Canada, Inc.

Exclusively Listed By

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