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34630 & 34650 Delair Road 2 Retail Properties Offered at $15,615,000 CAD in Abbotsford, BC
Investment Highlights
- Two adjacent, carefree triple-net investments on an irreplaceable highway corner in the hub of the Fraser Valley
- Commanding exposure to approximately 28,000 vehicles per day on Sumas Way & 80,000 vehicles per day along the Trans-Canada Highway.
- Cactus Club Cafe is one of Canada's leading premium casual-dining brands, operating 35 locations across Canada and the United States
- Two recently renewed, triple-net leases with limited landlord obligations, offering passive income with complementary uses.
- 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
- Prospera Credit Union occupies a branch with a rarely available drive-thru, secured through September 2031.
Executive Summary
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
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
Property Facts
| Price | $15,615,000 CAD | Number of Properties | 2 |
| Price / SF | $1,271 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4% | Total Building Size | 12,287 SF |
| Sale Type | Investment NNN | Total Land Area | 1.09 AC |
| Status | Active |
| Price | $15,615,000 CAD |
| Price / SF | $1,271 CAD / SF |
| Cap Rate | 4% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 12,287 SF |
| Total Land Area | 1.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Cactus Club
34650 Delair Rd, Abbotsford, BC V2S 2C9 |
Retail | 6,987 SF | 2010 | - |
|
Prospera
34630 Delair Rd, Abbotsford, BC V2G 2E3 |
Retail | 5,300 SF | 1990 | - |
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34630 & 34650 Delair Road
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