34630 & 34650 Delair Road Retail FOR SALE


Abbotsford, BC
$15,615,000 CAD
778-655-4832
, Abbotsford, BC for Sale
$15,615,000 CAD
Retail - FOR SALE
1/8
null | 4% Cap Rate

34630 & 34650 Delair Road
Abbotsford, BC


HIGHLIGHTS

  • Two adjacent, carefree triple-net investments on an irreplaceable highway corner in the hub of the Fraser Valley
  • Two recently renewed, triple-net leases with limited landlord obligations, offering passive income with complementary uses.
  • Commanding exposure to approximately 28,000 vehicles per day on Sumas Way & 80,000 vehicles per day along the Trans-Canada Highway.
  • A 47,393 SF (±1.09 acre) commercial site in a city where approximately 72% of the land base is locked within the Agricultural Land Reserve
  • Cactus Club Cafe is one of Canada's leading premium casual-dining brands, operating 35 locations across Canada and the United States
  • Prospera Credit Union occupies a branch with a rarely available drive-thru, secured through September 2031.

OVERVIEW

Marcus & Millichap REIS Canada Inc. is pleased to present for sale 34630 and 34650 Delair Road, Abbotsford, B.C. (the "Subject Properties"), two adjacent NNN pads in the hub of the Fraser Valley, offered collectively. The Subject Properties are anchored by Cactus Club Cafe, one of Canada's leading premium casual-dining brands, which has committed to its purpose-built pad through August 2031. The second pad is a financial institution with a rarely available drive-thru, leased to Prospera Credit Union through to September 2031. The Subject Properties are held in a bare trust, providing purchasers with the option to acquire shares of the nominee corporation, potentially resulting in savings on property transfer tax. The Subject Properties represent a rare trophy-calibre offering, fronting the Highway 11 (Sumas Way) interchange at Highway 1, now undergoing a $242 million reconstruction within a multi-billion-dollar provincial investment in the Fraser Valley Highway 1 corridor. Upon completion, upgrades to the Highway 11/Delair Road intersection fronting the site will improve capacity, access, and visibility, reinforcing the Subject Properties' irreplaceable location and exposure to Highway 1

ASK ABOUT THIS PROPERTY

Jon BuckleyMarcus & MillichapMore Info
778-655-4832

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Jon BuckleyMarcus & MillichapMore Info
778-655-4832

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