Fully Leased Retail Strip Mall – The Malcom Centre

Description

Address

1505-1517 56 St, Delta, BC V4L 2A9
Neighborhood: Tsawwassen

Opportunity

Lee & Associates is pleased to present the opportunity to acquire a fully leased retail strip mall with prominent exposure along 56th Street. The property offers a great opportunity for rental income appreciation with rezoning and long-term redevelopment potential.

Investment Highlights

• Long-term redevelopment potential
• Below market retail rental rates, upside on potential lease renewals
• All short-term leases in place
• 100% leased well-maintained property
• High exposure location provides potential for increased density
• Favorable C1 Core Commercial zoning in the City of Tsawwassen’s retail neighbourhood
• Highly sought-after surrounding amenities
• Ample on-site parking