Commercial Property Commercial Sale, For Sale

1460 Main Street Commercial Strata

Summary

CIVIC ADDRESS 1460 Main Street
North Vancouver, BC
UNIT SL 1    - 3,828 sq ft (Main Retail)

SL 56  - 1,017 sq ft (2nd Fl Office)

TENANCY 100% Leased to Bank of Montreal
TERM Net Lease
PARKING 5 Secured underground stalls and an abundance of surface visitor parking
CURRENT NOI $180,170 (Year 1)  *Includes management fee
CAP RATE 3.1%
TITLE Free of Financial Encumbances
NEW LIST PRICE (COMBINED) $5,880,000              

The Opportunity

To acquire 2 commercial strata units in the popular “Mountain View Village” center in North Vancouver, which are both fully leased to the Bank of Montreal a “AAA” covenant tenant. Bank of Montreal has been at this location for more than 35 plus years and recently renewed their lease for an additional 5-year term with additional future renewal options. This is a unique offering that will provide a prospective buyer with a secure, cash flowing investment from a high exposure and easily accessible location in North Vancouver.

Investment Highlights

  • Prominently situated along the busy Main Street Commercial Corridor in North Vancouver;
  • 2 strata units are fully leased to the Bank Of Montreal, a secure “AAA” covenant tenant;
  • Close proximity to Second Narrows Bridge and Highway 1 providing a fast and easy connection to Vancouver & the Lower Mainland;
  • Property is easily accessible from two main Streets and has an abundance of both underground and surface parking for patrons;
  • The Bank of Montreal has been a tenant at this location for more than 35 years and recently renewed their lease for an additional 5 years;
  • Highly visible location with incredible exposure onto Main Street and the more than 50,000 vehicles that pass the property each and every day;
  • Triple Net Lease with a secure Bank Tenant with a long history at this location, make this an attractive care free investment for a prospective purchaser.

Property Photos

Address:
1460 Main St, North Vancouver, BC