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4621 Hastings St 1,842 SF Retail Building Burnaby, BC V5C 2K6 $1,998,000 CAD ($1,084.69 CAD/SF) 1.54% Cap Rate
Executive Summary
Wow! Solid commercial investment on Prime location in Burnaby North. Currently, leased to restaurant tenant @ $2,535/month + property taxes and building insurance. Lease until March 1, 2023 with 3 years renewal option. This is a super income producing and an excellent holding investment property. Don’t miss this great opportunity!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,842 SF
Year Built
1946
Price
$1,998,000 CAD
Price Per SF
$1,084.69 CAD
Cap Rate
1.54%
NOI
$30,772 CAD
Tenancy
Single
Building Height
1 Story
Zoning
C-4A
Parking
5 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
34’ on hastings St
Amenities
- Bus Line
- Signage
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 6
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4621 Hastings St
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