Commercial For Commercial Sale, For Sale

Ground Floor Retail Strata Unit in North Vancouver

Summary

CIVIC ADDRESS 1460 Main Street
North Vancouver, BC
UNIT SL 1    - 3,828 sq ft
TENANCY 100% Leased to Bank of Montreal
LEASE TYPE Net Lease
TERM Expiring February 2026
(2x5 Year renewal options)
PARKING Abundance of surface visitor parking and access to 5 underground stalls
CURRENT NOI $158,947
*includes management and signage fee
CAP RATE 4.0%
TITLE Free of Financial Encumbrances
LIST PRICE $3,950,000

The Opportunity

To acquire a ground floor retail strata unit in the Mountain View Village Centre in North Vancouver, fully leased to the Bank of Montreal, a secure “AAA” covenant tenant. Bank of Montreal has been at this location for more than 35 plus years with future renewal options. The property is centrally located on Main Street and Mountain Highway, in close proximity to the Second Narrows Bridge offering direct access to the Trans-Canada Highway, Vancouver, and the lower mainland. This unit offers incredible exposure to the Main Street Corridor - which benefits from more than 50,000 daily traffic count per day.

Strata Lot 56 (second floor office) leased by the same tenant is also available for sale, providing an attractive investment opportunity. See listing webpage.

Investment Highlights

  • Prominently situated along the busy Main Street Commercial Corridor in North Vancouver;
  • Strata unit is 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 more than 50,000 vehicles 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
$0