Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

5850 Kingsway 5,575 SF Retail Building Burnaby, BC V5J 1G9 $6,800,000 CAD ($1,219.73 CAD/SF) 2.13% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present the opportunity to acquire 5850 Kingsway, Burnaby, B.C. The Subject Property is a prime retail site tenanted by Fountain Tire, a leading tire and automotive service provider. Spanning 20,123 square feet, the site offers convenient access from both Kingsway and Russell Avenue, ensuring seamless customer access from surrounding areas.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,575 SF
Building Class
C
Year Built
1972
Price
$6,800,000 CAD
Price Per SF
$1,219.73 CAD
Cap Rate
2.13%
NOI
$144,840 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.46 AC
Zoning
C4 - Service Commercial District
Frontage
143’ on kingsway

AMENITIES

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Fountain Tire, they’re driven by partnership and are committed to the success of their associates, their owners and you. That means they’ll always treat your vehicle like it’s their own, finding simple, innovative ways to meet your needs and work smarter for you. In 1956 Bill Fountain opened their first store in Wainwright, Alberta. In the beginning, Fountain Tire existed only as a double-bay garage in Wainwright, Alberta. Then it spread, across Alberta, across the Prairies, and now across Canada. At Fountain Tire, partnerships are a core element of their DNA. Their unique 50/50 model provides their local managers the opportunity to own 50% of their store by partnering with Fountain Tire. In 1987 they partnered with Goodyear Canada, one of the world’s leading tire manufacturers. Goodyear’s established marketing presence and our reputation as a leading Canadian tire retailer helped them both flourish.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Walk Score®
Very Walkable (76)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

White Spot
Anytime Fitness
RBC Royal Bank
TD Canada Trust
CIBC
Real Canadian Superstore
T&T Supermarket
Tim Hortons
Nespresso
Blenz Coffee
  • Listing ID: 33852330

  • Date on Market: 2024-11-13

  • Last Updated:

  • Address: 5850 Kingsway, Burnaby, BC V5J 1G9

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}