3960 Francis Rd - Bank FOR SALE


Richmond, BC V7C 1J7
$5,590,000 CAD
604-638-1999
3960 Francis Rd, Richmond, BC for Sale
$5,590,000 CAD
Bank - FOR SALE
1/11
null | 4% Cap Rate

3960 Francis Rd
Richmond, BC V7C 1J7


HIGHLIGHTS

  • Positioned on a prominent corner directly across from Safeway anchored Seafair Centre, the Subject Property is positioned in a commercial node.
  • TD Bank is in the process of completing substantial renovations with project completion scheduled for Fall 2025.
  • Quadruple-net (NNNN) lease. The tenant is responsible for all expenses, including structural maintenance, repairs, and replacements.
  • Leased to The Canada Trust Company (“TD Bank”), one of Canada’s largest financial institutions.

OVERVIEW

SINGLE-TENANT BANK W/ DRIVE-THRU | RECENT TENANT RENEWAL AND RENOVATIONS The Vendor has exclusively engaged Marcus & Millichap REIS to market its 100% freehold interest in 3960 Francis Road, Richmond, B.C. (the “Subject Property”). The Subject Property is positioned on a high-exposure corner within a commercial node, surrounded by schools, parks, and a variety of retail services. It is leased on a quadruple-net (NNNN) basis to The Canada Trust Company (“TD Bank”), a strong national corporate covenant.

FOR SALE DETAILS

PRICE

$5,590,000 CAD

PRICE/SF

$1,312 CAD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CN

APN/PARCEL ID

006-174-906

ASK ABOUT THIS PROPERTY

Curtis LeonhardtMarcus & MillichapMore Info
604-638-1999

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Curtis LeonhardtMarcus & MillichapMore Info
604-638-1999

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