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
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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.
Lot Size: 1.405 acres
Property Type: Retail
2016 B.C. Assessment Value: $4,195,000
Name of Brokerage: Avison Young
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