660 Gardena Drive - Retail FOR SALE


Coquitlam, BC V3J 3W4
$1,635,000 CAD
778-651-7771
660 Gardena Drive, Coquitlam, BC for Sale
$1,635,000 CAD
Retail - FOR SALE
1/4
null | 4.6% Cap Rate

660 Gardena Drive
Coquitlam, BC V3J 3W4


HIGHLIGHTS

  • New-build commercial retail unit tenanted by Prado Café Ltd., one of Vancouver's most recognized specialty coffee brands.
  • Long-term triple net (NNN) lease with scheduled rental escalations, underpinned by a strong covenant tenant.
  • Building completion estimated Fall 2026.
  • Prado Café, an established award-winning specialty coffee brand with multiple locations across Metro Vancouver.
  • Situated within the Burquitlam-Lougheed Neighbourhood Plan area, one of Metro Vancouver's fastest-growing corridors
  • The CRU is well-positioned to benefit from strong traffic given its proximity to Burquitlam Station

OVERVIEW

Botanica is a new mixed-use master-planned development in Coquitlam, at the heart of one of Metro Vancouver's fastest-growing transit-oriented corridors. Comprising four buildings and 240 strata lots, including 239 residential homes and one ground-floor commercial retail unit, the development is estimated to complete in Fall 2026. The Subject Property is a 1,113 SF retail strata unit leased to Prado Café Ltd. under a 10-year triple net lease with built-in rental escalations, offering investors a well-located asset with a secure long-term income stream.

FOR SALE DETAILS

PRICE

$1,635,000 CAD

PRICE/SF

$1,469 CAD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prado Cafe

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jon BuckleyMarcus & MillichapMore Info
778-651-7771

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Jon BuckleyMarcus & MillichapMore Info
778-651-7771

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