Properties

F16-4567 LOUGHEED HIGHWAY, Burnaby, British Columbia V5C 3Z6

Burnaby For Lease

C$275,000
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.

Property Details
Listing Type : For Lease
MLS ID : C8056486
Price : C$275,000
Status : Active
Year Built : 0
Bedrooms : 0
Bathrooms : 0
Square Footage : 401 Sqft
Lot Area : 0 Sqft
Area : Burnaby North
Sub-Area : Brentwood Park
City : Burnaby
Province : British Columbia
Postal Code : V5C 3Z6
Region : Greater Vancouver
Additional Information
Major Business Type : Food & Beverage
Minor Business Type : FB - Fast Food
Zoning : BUS
Listing Office : Macdonald Commercial Real Estate Services Ltd.
Source : Vancouver
Virtual Tour URL : http://www.restaurantagents.ca
Total Lease Area : 0
For Lease
  • MLS ID : C8056486
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 401 Sqft
  • Listed by:
    Macdonald Commercial Real Estate Services Ltd.

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OUR LISTING PROCESS

Clear and stress-free steps to guide you through the complexity of listing your property on the market, public or private.

STEP 1

Fill out the Seller inquiry form

This is your initial contact point. Submit the listing inquiry form, and we will reach out to you via email or phone to schedule a discovery call. You can also specify a preferred time for us to call you back in the message field.

STEP 2

Two way discovery

We will ask you a series of questions to determine the best approach for selling your property. We will also provide details on our listing strategies and packages for you to choose from. Additionally, this step allows you to ask any questions you may have about our process.

STEP 3

You pick how you'd like to proceed

Once you have a day or two to digest everything we discussed, we’d love to hear your decision. Let us know: 1. Which strategy you’d like us to implement for selling your property. 2. Which Tiered Service Level best suits your needs, so we can tailor our approach accordingly.

STEP 4

Reporting and pricing your property

After receiving a clear intention from you, we will proceed with conducting a Comparative Market Analysis and providing you with a detailed report. This report will help us determine the most effective pricing strategy for your property. This step can be completed either in person or remotely.

STEP 5

Decision and contract

At this stage, you will have gathered all the necessary information about our process, costs, strategies, and your property's value. The decision on pricing, listing duration, and other details is entirely up to you. To comply with the Real Estate Act and regulations, we will need to meet in person for the listing contract signing.

STEP 6

Listing preparation

Depending on the chosen service level, we will conduct a property photo shoot, 3D tour scan, floor plan measurements, brochure printing, and/or staging before the listing goes live to the public

STEP 7

Listed!

Your listing is live! The listing process is now complete, and we are moving full steam ahead with advertising, digital promotions, and social media marketing. At this stage, we are fully engaged in the 'Sales Process,' which includes open houses, private showings, offer negotiations, and more.