Shopping Strip
Plaza 43
4300 27 St, Vernon, BC V1T 4Y4
Listing Price: $4,050,000
Investment Overview
Marcus & Millichap and Amex Broadway West Realty are pleased to present a unique opportunity to acquire a well-positioned, fully leased 11,315 SF corner strip mall situated on 1.34 acres in the growing Vernon market. Shadow anchored by Shoppers Drug Mart and Dollar Tree, the Property boasts prominent exposure along 27 Street and 43 Avenue with excellent ingress & egress and close proximity to Highway 97 and nearby surrounding amenities. Tenanted by national franchises such as Papa John’s, Circle K, and Chicko Chicken, Subject Property offers a secure income stream with a diverse tenant mix that minimizes risk. With future development potential in place via its current CMUB zoning for 8-storey mixed use development, Prospective Purchasers can capitalize on rental upside and rising land values as the Vernon
market continues to grow.
Plaza 43
Investment Highlights
- Rarely available, fully leased 11,315 SF retail strip mall on 1.34 acres in the growing Vernon market.
- Development potential for up to 8 storeys mixed-use by in way of its in-place CMUB zoning.
- Shadow anchored by Shoppers Drug Mart and Dollar Tree.
- Corner property with prominent exposure along 27 Street and 43 Avenue with excellent ingress and egress and close proximity to Highway 97 and nearby surrounding amenities
- Tenanted by national franchises such as Papa John's, Circle K, and Chicko Chicken, Subject Property offers a secure income stream with a diverse tenant mix that minimizes risk.
- Majority of leases in place have contractual rental escalations throughout their term.
Exclusively Listed By
Listing Price: $4,050,000
Investment Highlights
- Rarely available, fully leased 11,315 SF retail strip mall on 1.34 acres in the growing Vernon market.
- Development potential for up to 8 storeys mixed-use by in way of its in-place CMUB zoning.
- Shadow anchored by Shoppers Drug Mart and Dollar Tree.
- Corner property with prominent exposure along 27 Street and 43 Avenue with excellent ingress and egress and close proximity to Highway 97 and nearby surrounding amenities
- Tenanted by national franchises such as Papa John's, Circle K, and Chicko Chicken, Subject Property offers a secure income stream with a diverse tenant mix that minimizes risk.
- Majority of leases in place have contractual rental escalations throughout their term.
Investment Overview
Marcus & Millichap and Amex Broadway West Realty are pleased to present a unique opportunity to acquire a well-positioned, fully leased 11,315 SF corner strip mall situated on 1.34 acres in the growing Vernon market. Shadow anchored by Shoppers Drug Mart and Dollar Tree, the Property boasts prominent exposure along 27 Street and 43 Avenue with excellent ingress & egress and close proximity to Highway 97 and nearby surrounding amenities. Tenanted by national franchises such as Papa John’s, Circle K, and Chicko Chicken, Subject Property offers a secure income stream with a diverse tenant mix that minimizes risk. With future development potential in place via its current CMUB zoning for 8-storey mixed use development, Prospective Purchasers can capitalize on rental upside and rising land values as the Vernon market continues to grow.
Exclusively Listed By
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