Log In/Sign Up
Your email has been sent.
3290 Grandview Hwy 4,454 SF Retail Building Vancouver, BC V5M 2G2 $3,860,000 CAD ($866.64 CAD/SF) 3.50% Cap Rate
Investment 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.
- The Subject Property is positioned within one of East Vancouver's premier essential service retail corridors.
- The Subject Property is located within the Rupert and Renfrew Station Area Plan (July 2025), permitting high-density mixeduse redevelopment.
- Secured by a triple-net (NNN) lease expiring January 31, 2030, with 3 x 5-year renewal options at fair market rent.
- Situated at a signalized corner on Grandview Highway (40,000 VPD) with immediate proximity to Rupert Station on the Millennium Line.
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,454 SF
Building Class
B
Year Built
1960
Price
$3,860,000 CAD
Price Per SF
$866.64 CAD
Cap Rate
3.50%
NOI
$135,119 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.21 AC
Zoning
C-1 - Commercial
Parking
10 Spaces (2.25 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3290 Grandview Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.