Property

Burnaby, BC V5C3Z6 F16 4567 Lougheed Highway

F16 4567 Lougheed Highway Burnaby, BC - Image 1F16 4567 Lougheed Highway Burnaby, BC - Image 2
  • MLS# C8056486
  • 01/03/2024
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Presented By: Macdonald Commercial Real Estate Services Ltd.
  • SQFT • 401

Home Details

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.
Presented By: Macdonald Commercial Real Estate Services Ltd.

General for F16 4567 Lougheed Highway

CityBurnaby
RegionGreater Vancouver
StatusACTIVE
Street NameLOUGHEED
SubdivisionBrentwood Park
Transaction TypeFor Sale

Additional Details

NAV SEKHON

Realtor
Price $275,000
MLS#C8056486
List Date 01/03/2024
Property Type Commercial
Phone
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