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45837 Yale Rd 2,815 SF 100% Leased Retail Building Chilliwack, BC V2P 2N6 $3,900,000 CAD ($1,385.44 CAD/SF) 4% Cap Rate



INVESTMENT HIGHLIGHTS
- 100% leased to The TDL Group Corp. (Tim Hortons), providing the security of a strong national covenant from Canada’s leading quick-service restaurant.
- The surrounding trade area population increased 16.8% from 2019 to 2024 and is projected to grow an additional 18.4% from 2024 to 2029.
- The tenant operates on an absolute net lease with no landlord responsibilities, including for major repairs or structural components.
- The property benefits from prime frontage on Yale Road with exposure to approximately 18,500 vehicles per day (VPD).
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant drive-thru located at 45837 Yale Road, Chilliwack, B.C. (the "Subject Property"). The Subject Property presents a rarely available QSR investment offering in Chilliwack, featuring an absolute net lease to the TDL Group Corp. (Tim Hortons).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,815 SF
Building Class
C
Year Built
1994
Price
$3,900,000 CAD
Price Per SF
$1,385.44 CAD
Cap Rate
4%
NOI
$156,000 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
0.44 AC
Parking
25 Spaces (8.88 Spaces per 1,000 SF Leased)
Frontage
23’ on Yale Road
AMENITIES
- Restaurant
- Drive Thru
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
1 of 8
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45837 Yale Rd
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