Courtesy of: Ron Plowright, Personal Real Estate Corp, RE/MAX Bob Plowright Realty
Courtesy of: Ron Plowright, Personal Real Estate Corp, RE/MAX Bob Plowright Realty
$1,875,000
|
3,663 square feet
|
|
Retail
|
$1,875,000
7205 PIONEER AVENUE, Agassiz FULLY LEASED INVESTMENT OPPORTUNITY "” BUILDING & LAND ONLY. Fully renovated freestanding 3, 663 SF building on 8, 415 SF lot in the heart of Agassiz. Secure income from a 10-year net lease (to July 2035) w/ ~9 years remaining, featuring built-in annual rent escalations plus a 15% management fee recovery "” a 5.63% cap rate on current rent, rising to a 7.71% cap rate on the average rent over the term. Tenant pays operating costs, taxes & utilities. Tenant is the Broken Whisk, a well-established & highly rated restaurant known for great food and atmosphere, with major improvements incl. covered heated patio, wood-fired pizza oven & C-Can storage. Lease personally guaranteed w/ one 10-yr renewal option. PLEASE DO NOT DISTURB THE TENANT OR STAFF "” no walk-throughs. Buyers & agents may view the interior only as paying restaurant customers. Contact listing agent for NDA and details. * PREC - Personal Real Estate Corporation (id:203)