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10240 River Rd
Delta, BC V4C 2R3
Retail Property For Sale
Investment Highlights
- Fully leased retail investment property with long-term tenancy in place.
- Existing Canco gas station and convenience store operation.
- Prominent corner location with visibility along River Road.
- Access to Highway 91, Highway 17, and the Alex Fraser Bridge.
Executive Summary
HIGH-EXPOSURE INCOME PROPERTY with 5% cap rate PLUS rent escalation. Positioned in Delta's growth corridor, this sprawling 30,147 SF (0 .69 AC) corner lot boasts incredible exposure, easy site access, extensive parking, and a 2,205 SQFT retail building. Fully tenanted on a long term lease with strong holding income, it pays for itself while you navigate project planning for the future. Designated "Neighbourhood Centres & Corridors" under Delta's OCP, encouraging multi-unit residential and mixed-use development up to 6 storeys (townhouses, mid-rise apartments, ground-floor retail mixed-use). High-visibility location along River Road with seamless access to Hwy 91, Hwy 17, and Alex Fraser Bridge.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,205 SF
Building Class
C
Year Built
1977
Price
$5,760,000 CAD
Price Per SF
$2,612.24 CAD
Cap Rate
5%
NOI
$288,000 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
0.70 AC
Zoning
C4 - Commercial
Parking
8 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
54’ on River Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
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