Delta Tim Hortons and gas station sold for $4.29M

The property is an excellent investment option, as tenants are responsible for all maintenance and property taxes

By
for Western Investor
September 6, 2017





delta
 
An investment property in Delta with strategic corner access has sold for $4.29 million, Avison Young tells Western Investor
 
An Esso gas station, 7-Eleven convenience store and a Tim Hortons tenant the 1.405-acre property. The land leases are fully net and the tenants have built the improvements, and are responsible for their ongoing maintenance. The tenants constructed all improvements in 2000 and pay all property taxes. The convenience store measures 2,000 square feet. The Esso Canopy is 3,600 square feet while the Tim Hortons space measures 2,250 square feet. The property was listed by Avison Young for $4,495,000 and has an assessed value of $4,195,000. 
 
The property is located at 10108 Nordel Court, in the Tilbury industrial area of North Delta. 
 

Breakdown: 

 
Price: $4,290,000
Lot Size: 1.405 acres
Property Type: Retail 
Zoning: CD
2016 B.C. Assessment Value: $4,195,000
City: Delta 
Province: B.C.
Name of Brokerage: Avison Young
 

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Russ is a principal at Avison Young where he specializes in the sale and leasing of properties in the Vancouver region, and working with users in an advisory role.

Avison Young Vancouver
#2900 – 1055 W Georgia Street
Vancouver, B.C. V6E 3P3
Office: 604-757-5115

Kevin is a vice president at Avison Young where he has specialized in the sale and leasing of properties in the East Vancouver and Burnaby areas over the past seven years.

Avison Young Vancouver
#2900-1055 West Georgia Street
Vancouver, B.C. V6E 3P3
Office: 604-646-8393

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