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I have listed a new property at 1-5 9371 NO 5 RD in RICHMOND.
5 unit retail block with long term tenants: Doctor's office, Kong's Kitchen Chinese Take-Out, Salon Diva Hair Salon (2 units) & 99 Mart Convenience Store (also for sale), next door to a Liquor Store and the well known Kingswood Pub. Situated in a large townhouse area with hundreds of new units coming on the market just up the street. A solid investment showing an over 7.30% cap rate!
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I have listed a new property at 9371 NO 5 RD in RICHMOND.
99 MART is a well established Convenience Store, next door to a liquor store and the Kingswood Pub! There is plenty of space to expand into other opportunities like a Sandwidh & Coffee bar or Deli in addition to the currnet products sold. It has a walk-in freezer, plenty of coolers and a "deli" cooler with counter top next to the cash register. The store was grossing in excess of $400,000 before the Pub burned down and with it re-opening this year the numbers are rising again and expected to exceed that number. ironwood is forever expanding with new developments with hundreds of new units going up at No. 5 & Steveston Hwy and the Pub & Liquor Store are a big attraction for the area.
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