Source: Google
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Subject Property
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for Sale
10108
Nordel Court Delta, BC
Partnership. Performance.
Opportunity Avison Young is pleased to present the opportunity to acquire a freehold interest in a strategic corner property improved with an Esso Service Station, 7-Eleven convenience store, and Tim Horton’s. The land leases are fully net and the tenants have built the improvements, and are responsible for their ongoing maintenance. Russ Bougie*, Principal 604.757.5115
[email protected] * Russell Bougie Personal Real Estate Corporation
Kevin Kassautzki, Vice President 604.646.8393
[email protected] 10108
Nordel Court Delta, BC
Executive Summary Municipal Address 10108 Nordel Court, Delta, B.C.
PID
Location The subject property is located on the southeast corner of Nordel Court and Nordel Way in the Nordel/Tilbury industrial area of North Delta. This high exposure location offers quick access to the new South Fraser Perimeter Road (Highway 17) and Highway 91. This area is experiencing tremendous growth, with over 120 acres of industrial land being developed over the next 3 years within 5km of this location.
023-634-626
Building Sizes (approx.) Convenience Store (soon to be branded 7-Eleven) Esso Canopy Tim Hortons
Investment Highlights
Site Size
99 Very low maintenance investment opportunity, leased to very strong tenants
1.405 Acres (61,205 sf)
99 All improvements built by the tenants and both leases are land leases 99 Tenants responsible for all maintenance and property taxes 99 Esso gas bar with convenience store; soon to be re-branded 7-Eleven
3,600 sf 2,250 sf
Approximate Site Dimensions 174.77’ W x 346.75’ D
99 Drive-Thru Tim Horton’s restaurant
Net Operating Income
99 All improvements constructed in 2000
$148,000 (2016)
99 324’ frontage along Nordel Way
2,000 sf
Asking Sale Price
99 Traffic counts in the area continue to increase
$4,995,000
Tenant Profile TDL Group - “The TIM HORTONS® restaurant chain was founded in 1964 in Hamilton, Ontario. The chain’s focus on top quality, always fresh product, value, great service and community leadership has allowed it to grow into the largest quick service restaurant chain in Canada specializing in always fresh coffee, baked goods, and homestyle lunches.” www. timhortons.ca IMPERIAL OIL - “As Canada’s largest petroleum refiner, a major producer of crude oil and natural gas, a key petrochemical producer and a leading fuels marketer from coast to coast, we are committed to high standards across all areas of our business. For more than a century, we have been helping Canadians get where they need to go and we hope to continue to be part of your journey for years to come.” www.imperialoil.ca
* Russell Bougie Personal Real Estate Corporation
Kevin Kassautzki, Vice President 604.646.8393
[email protected] Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada
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7-ELEVEN - “7-Eleven is the world’s largest convenience store chain operating, franchising and licensing more than 56,400 stores in 18 countries, of which nearly 10,500 are in North America.” www.7-eleven.com
Russ Bougie*, Principal 604.757.5115
[email protected] N or d e
avisonyoung.com © 2016 Avison Young. All rights reserved.
N Nordel Way
Source: Google
E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young.