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3960 Francis Rd 4,260 SF Retail Building Richmond, BC V7C 1J7 $5,590,000 CAD ($1,312.21 CAD/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Positioned on a prominent corner directly across from Safeway anchored Seafair Centre, the Subject Property is positioned in a commercial node.
- Quadruple-net (NNNN) lease. The tenant is responsible for all expenses, including structural maintenance, repairs, and replacements.
- TD Bank is in the process of completing substantial renovations with project completion scheduled for Fall 2025.
- Leased to The Canada Trust Company (“TD Bank”), one of Canada’s largest financial institutions.
EXECUTIVE SUMMARY
SINGLE-TENANT BANK W/ DRIVE-THRU | RECENT TENANT RENEWAL AND RENOVATIONS
The Vendor has exclusively engaged Marcus & Millichap REIS to market its 100% freehold interest in 3960 Francis Road, Richmond, B.C. (the “Subject Property”). The Subject Property is positioned on a high-exposure corner within a commercial node, surrounded by schools, parks, and a variety of retail services. It is leased on a quadruple-net (NNNN) basis to The Canada Trust Company (“TD Bank”), a strong national corporate covenant.
The Vendor has exclusively engaged Marcus & Millichap REIS to market its 100% freehold interest in 3960 Francis Road, Richmond, B.C. (the “Subject Property”). The Subject Property is positioned on a high-exposure corner within a commercial node, surrounded by schools, parks, and a variety of retail services. It is leased on a quadruple-net (NNNN) basis to The Canada Trust Company (“TD Bank”), a strong national corporate covenant.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,260 SF
Building Class
C
Year Built/Renovated
1962/2025
Price
$5,590,000 CAD
Price Per SF
$1,312.21 CAD
Cap Rate
4%
NOI
$223,600 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.35 AC
Zoning
CN - Neighbourhood Commercial
NEARBY MAJOR RETAILERS
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3960 Francis Rd
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