3290 Grandview Hwy - Bank FOR SALE


Vancouver, BC V5M 2G2
$3,860,000 CAD
604-398-4341
3290 Grandview Hwy, Vancouver, BC for Sale
$3,860,000 CAD
Bank - FOR SALE
1/6
null | 3.5% Cap Rate

3290 Grandview Hwy
Vancouver, BC V5M 2G2


HIGHLIGHTS

  • 100% leased to Bank of Montreal (BMO), one of Canada's largest financial institutions. Founded in 1817, BMO is Canada's 4th largest bank.
  • Secured by a triple-net (NNN) lease expiring January 31, 2030, with 3 x 5-year renewal options at fair market rent.
  • The Subject Property is positioned within one of East Vancouver's premier essential service retail corridors.
  • Situated at a signalized corner on Grandview Highway (40,000 VPD) with immediate proximity to Rupert Station on the Millennium Line.
  • The Subject Property is located within the Rupert and Renfrew Station Area Plan (July 2025), permitting high-density mixeduse redevelopment.

OVERVIEW

The Vendor has exclusively engaged Marcus & Millichap to market its 100% freehold interest in 3290 Grandview Highway, Vancouver, British Columbia (the "Subject Property"). The Subject Property is a single-tenant NNN bank branch leased to Bank of Montreal (BMO), situated on a signalized corner at Grandview Highway (40,000 VPD) and Rupert Street (30,000 VPD) in East Vancouver. The offering provides a passive, institutional-covenant income stream with high-density redevelopment potential under the Rupert and Renfrew Station Area Plan.

FOR SALE DETAILS

PRICE

$3,860,000 CAD

PRICE/SF

$874 CAD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C-1

APN/PARCEL ID

006 793 894

ASK ABOUT THIS PROPERTY

Joe GenestMarcus & MillichapMore Info
604-398-4341

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Joe GenestMarcus & MillichapMore Info
604-398-4341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.