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$275,000
Est. payment /mo
401 SqFt
Active
F16 4567 LOUGHEED HIGHWAY Burnaby, BC V5C 3Z6
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UPDATED:
11/26/2024 11:20 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 401 sqft
Price per Sqft $685
Subdivision Brentwood Park
MLS Listing ID C8056486
Property Description
Here is a great opportunity to expand your restaurant brand prescence with a busy food court location at Brentwood Mall in Burnaby BC. 401 SQ Ft kiosk with current rent is approx $16,000 per month ($400 PSF base rent, plus percentage rent over applicable revenue). 10 year lease term expiring in 2032 with option to renew. Currently operating at a Mexican Fast Casual concept with venting, but could be converted to your own concept (subject to landlord''s approval of the concept). There is also an option to purchase with the existing brand but additional franchise fees & approval from franchisor would be required. Currently revenue approx $50,000 per month. Central food court location with many anchor tenants in the mall including movie theatre & the Rec Room. Ability to expand revenue through 3rd party delivery and take out. Confidential listing - do not approach staff directly, NDA required for more information. Serious buyers only - and buyer''s must have an existing restaurant & business plan to proceed.
Location
Province BC
Community Brentwood Park
Area Burnaby North
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Dwelling Type Business
Listed by Macdonald Commercial Real Estate Services Ltd.
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