Retail for sale
23 5725 Vedder Road, Garrison Crossing, Chilliwack
$960,000
Features
Year Built
2008
Floor Area
1,207 sqft
Gross Property Tax
$10,766.54 /year
Building Type
Freestanding, Quasi Retail, Strip Mall
Building / Complex Name
Vedder Village Centre
Zoning
C2
Amenities
Washrooms Female/Male, Security System, Central Air, Forced Air, HVAC System, Handicap Access/Facil
Description
Excellent investment opportunity to own a retail unit in a brand-new building located in the prime Sardis area. High-traffic location with strong AAA tenant appeal. Tenant is operating a well-established Japanese restaurant, offering a stable and hassle-free investment opportunity. Vedder Village Centre features approximately 68,000 SF of retail space across five buildings, with strong pedestrian and vehicle traffic generated by popular businesses including A&W, Dairy Queen, fitness centre, and other established retailers. Cap rate of 4.3% with lease recently renewed through July 2031, plus an additional 5-year renewal option.
MLS® Number C8078582